At the BRE Trust annual general meeting yesterday, chairman Sir Neville Simms disclosed that the net profit of the BRE Group 鈥� comprising BRE, BRE Global and FBE Management 鈥� increased to 拢4.58m in 2011/12 on a turnover of 拢48.9m.
The trust鈥檚 spending on built environment research and education projects rose to more than 拢3.17m, compared with 拢2.93m in 2010/11.
鈥淚 am delighted to announce that a strong performance by the trust鈥檚 subsidiary companies has allowed us to once again increase the level of funding for built environment research and education,鈥� he said. 鈥淭his is despite the continuing challenges of a very difficult financial environment, and is testament to the expertise and dedication of those working in the BRE Group.鈥�
He added: 鈥淒espite the difficult economic environment, the BRE Trust has been able to increase its support for research and education throughout 2011/12 and plans to continue building on this success during 2012/13.鈥�