#Turnover2015 - Harland and Wolff Group (H&W) writes the Belfast Telegraph continues to operate in testing market conditions as a diverse engineering business.

The company, a subsidiary of the Fred Olsen Energy Group, operates in shipbuilding, heavy engineering, ship repair, and floating production and drilling vessels for off-shore oil and gas industry.

Despite difficult trading, annual turnover increased in 2015 to over £66m, the highest level of the past decade. The higher turnover came in a period of much tighter trading profit margins although the end year results did show a smaller operating profit.

During the recent year the company provided services to 21 different vessels (27 in 2014). There was useful business from the continuing relationship with the Irish Sea ferry operators, Stena Line.

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