Scottish Business Insider Top 500 rankings show that, excluding Royal Bank of Scotland and Bank of Scotland, the Top 500 saw a 4.9 per cent rise in turnover to £154.8 billion but profits fell by 7.3 per cent to £10.1bn. The table ranks all Scottish registered companies with turnover of more than £20m based on sales and pre-tax profits.
The fall was an improvement on the 13.1 per cent drop in the previous year.
Including the banks, turnover grew from £176.5bn to £180.1bn but profits plunged from £10.2bn to £3.1bn.
Standard Life has retained the top spot in the league table with energy giant SSE moving up from fourth to second. Weir Group climbed from seventh to third position after a strong performance in the year but Lloyds Banking Group subsidiary Scottish Widows slipped one place to fourth position in the listing after seeing its profits fall from £391 million to £205m. Chevron North Sea stayed in fifth position despite a drop in profits from £1.1bn to £879m and John Wood Group rose from 15th to sixth place after a strong rise in profits.
Half of the top ten are subsidiaries of companies with headquarters outside Scotland.
http://www.scotsman.com/business/retail/scotland-s-top-companies-see-profits-fall-1-3264277
The fall was an improvement on the 13.1 per cent drop in the previous year.
Including the banks, turnover grew from £176.5bn to £180.1bn but profits plunged from £10.2bn to £3.1bn.
Standard Life has retained the top spot in the league table with energy giant SSE moving up from fourth to second. Weir Group climbed from seventh to third position after a strong performance in the year but Lloyds Banking Group subsidiary Scottish Widows slipped one place to fourth position in the listing after seeing its profits fall from £391 million to £205m. Chevron North Sea stayed in fifth position despite a drop in profits from £1.1bn to £879m and John Wood Group rose from 15th to sixth place after a strong rise in profits.
Half of the top ten are subsidiaries of companies with headquarters outside Scotland.
http://www.scotsman.com/business/retail/scotland-s-top-companies-see-profits-fall-1-3264277
No comments:
Post a Comment