Highly Profitable Construction Industry
Whatever their problems, Malaysian construction companies seem very profitable in comparison with their Western counterparts.
A table of some major British construction companies' operating margins was recently published by a subsidiary of The Financial TImes. The margins seem so low in comparison:
3.3% Alfred McAlpine
2.9% Amec
2.4% Kier
2.2% Balfour Beatty
2.0% Carillon
1.7% Mowlem
1.5% Costain
1.5% Morgan Sindall
If only I knew the secret of local construction companies' success and could export it to the west.
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