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Insider UK
Insider UK
Business
Peter A Walker

Craig International reports rising turnover and profit

Craig International has reported a 17% increase in turnover and a return to profit.

The Aberdeen-based energy industry procurement group's accounts for the year ending April 2022 showed that turnover reached £116m, up from £99m in April 2021.

Holding company Craig Group reported overall operating profits of £1.08m.

Chairman Douglas Craig said: “As anticipated, we bounced back quickly from the previous Covid-hit financial year and are on track to deliver another strong year with increased activity across Europe, the US, South Africa and the Middle East.

“By offering an end-to-end procurement solution, combined with our innovative e-platforms, we are continually delivering efficiency and quality in a sustainable way.

“Our approach, through a suite of sustainable and technology-driven procurement platforms, have been major factors in recent business wins, underlining the growing recognition in the industry of the major role procurement can play in reducing carbon emissions.”

Last year, Craig International extended its reach in the Middle East from operations in Oman, Dubai and Qatar.

This financial year, the group is exploring opportunities in Australia and South East Asia.

With almost 130 staff, Craig International has a global network of pre-qualified suppliers, and more than 80 procurement specialists in eight countries.

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