UK-based consultancy, Hyder Consulting plc, has announced its preliminary results for the year ended 31 March 2003, which included an operating profit of US$2.5M, and turnover of US$84.2M – ahead of market expectation.

Firth Holdings acquired Hyder Consulting Holdings Ltd (HCHL) in October 2002. The HCHL shareholders believed that listed status would empower management.

“Our business turnaround strategy is progressing well,” Tim Wade, Hyder Consulting’s chief executive said. “We have successfully implemented management and cost efficiencies and targeted sales and marketing across the group… the foundations are now in place.”