The Fife-based timber business, which has importing, distributing, merchanting and timber engineering divisions, has just released its annual results for the year ended March 2012, showing a turnover of £105.3m, an 8% increase on the previous year.
Pre-tax profits reached £2.03m, slightly up on last year.
"In terms of trading, in a flat market, our overall performance is a credible achievement," said Scott Cairns, executive chairman of the Donaldson Group.
"All four companies within the Donaldson Group remain profitable and have grown market share in the year. In particular, MGM Timber Scotland Ltd and Donaldson Timber Engineering Ltd returned market-leading performances, a magnificent accomplishment."
Donaldson’s net debt has been reduced to just £2m, which equates to a record low gearing ratio for the groupof 12%.
"This was a very solid performance given the difficult trading conditions and margin limitations experienced throughout the entire group," added executive chairman Neil Donaldson.
The company said its Scottish site in Leven produced a strong result, while a programme of capital investment at its English Brinscall site "boded well" for future performance.
Parker Kislingbury, the group’s specialist hardwood importer and processor, increased sales and market presence with expansion into the north west of England.
