Arup profit drops nearly a third despite 10% revenue rise

Engineering consultant Arup Group has returned to pre-pandemic revenue growth but saw profitability slide over the year to March 2022.
Group revenues rose 10% over the year to £1.89bn, but this failed to translate into strong pre-tax profit, which fell nearly a third to £37m.
The rise in revenue at the group was driven by the UK which jumped by 17% to £710m.
Arup Group regional revenue (£m)2022
2021
Change
UK
710
605
17%
Americas
363
351
3%
Australia
325
291
12%
Asia
301