According to InsiderMedia, the Harland & Wolff Group has reported a three-and-a-half-fold increase in interim revenue and hailed the significant momentum within the shipyard business.

In the six months to 30 June, the strategic energy infrastructure, fabrication, shipbuilding and vessel repairs group reported revenues of £15.4m, up from £4.14m in the same period from 2021. 

Gross profit for the period stood at £3.38m, up from £1.4m and representing a gross margin percentage of 22 per cent.

The business made an operating loss of £14.1m, widened from £8.2m, but said this reflected an increase in the number of personnel and overall overheads as a result of having to service five assets including Belfast, Appledore, Methil, Arnish and London.

Harland & Wolff now has one of the largest fabrication footprints in the country, two of the largest dry docks in Europe and two of the largest specialist fabrication sites in the UK.

Further reading here on the shipyard group.