Firstly we used to generate about 35% of our business indirectly from new construction, that figure is now at around 5%. We went through a quiet few months second quarter last year which hurt and it took the last half of the year to recover. This year we've been running at full capacity and even working weekends and occasionally using sub contractors to do some of the donkey work in order to keep up. The big difference is that our margins have become much thinner than they used to be, even though we've increased efficiency and reduced overheads and costs in many areas we trimmed our prices and margins during the quieter times and our bottom line is still less. That said there's a few projects confirmed for the next few months where our margins are looking much more sensible so time will tell. Overall I think we've not had it so bad as other countries.![]()
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