Shipbuilder A&P sees turnover hit £111m but North East margins fall

Shipbuilder A&P sees turnover hit £111m but North East margins fall

Ship builder A&P Group has revealed a huge jump in annual profits but warned that its margins in the North East have suffered.

Turnover at the company, which has a shipyard at Wagonway Road in Hebburn, saw its turnover jump from £94.8m to £111.7m for the year ending March 31 2019. Meanwhile, operating profit at the company jumped from £2.8m to £3.5m.

The strong growth was largely fuelled by the…

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