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Nexus Infrastructure swung to an annual profit following a 'strong' recovery from Covid-19. For the year ended 30 September, pre-tax profit was £3.8 million from £2.8 million year-on-year as revenue increased to £137.0 million from £125.7 million.
'TriConnex has had a significant year on revenue and profit in 2021, passing £50m revenue for the first time,' the company said.
'We believe 2022 will be a breakthrough year for TriConnex in residential energy transition,' it added.
The order book stood at £288m and gross cash at £29.5 million, providing a 'solid' platform from which to deliver from in 2022 and beyond, it added.