Houlton said the group would be recruiting new people but did not rule out acquisitions. He added that he expected the firm's public sector arm to make up 40% of the group's turnover in the next couple of years.
Pre-tax profit for Wates Construction, the group minus its private housing division, doubled to £10.5m for the year to 31 December 2001; turnover for the period was up £26m to £426m.
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