Displaying items by tag: Investment for future
Losses at Harland & Wolff Group Grow
Harland & Wolff have reported widened losses after it took on new manufacturing sites and more than trebled its workforce, but the shipbuilder and energy manufacturer believes that it must make such investment now to reap the rewards in future.
It is in talks on securing large offshore wind contracts, as well as expanding its offering in shipbuilding, the energy sector and defence.
The London-listed business owns the Harland & Wolff Belfast shipyard, as well as sites in Appledore, Devon, and at Methil, Fife and Arnish on the Isle of Lewis. It added the latter three locations in its most recent financial year.
Annual results published yesterday showed turnover of £10.2 million in the 12 months to the end of July, up from £1.5 million.
More from the The Times.