The firm, which supplies services to the oil and gas, construction and utilities sectors, posted pre-tax profits of £3.44m for the year ended December 31, 2012, compared with £10.9m in 2011. However earnings in 2011 had been boosted by investment gains of £5.88m, which included the sale of a 36% stake in oil and gas consultancy Xodus Group, and a profit share on a property development.
Turnover at John Lawrie in 2012 "remained relatively consistent at £107m", the directors noted in accounts newly available at Companies House, falling slightly on the £109m booked the year before.
The company, which has a presence in Canada, the US, Spain, Abu Dhabi and China, invested £3.6m over the year in new fixed assets under its strategy to replace and enhance plant, vehicles and operating facilities.
John Lawrie employed an average 84 staff in 2012, down from 87 in 2011, and reported a decrease in overall staff costs to £6.95m from £9.71m. Its highest-paid director received a package worth £939,000 as directors' emoluments fell to £2.83m from £4.81m.