Interim results for the six months to June 30 2012 show an underlying pre-tax profit of £100,000 compared to a loss of £200,000 last time as turnover was stable at £40.6m.
Gross margins were up to 8.8% from 7.9%.
CEO Tony Lenehan said: “Our improved results, with both increased profit and margin, demonstrate the efficiencies of our new organisational structure, hard work of our teams and a selective approach to market opportunities.
“With our growing order book and strong balance sheet, the Group is well positioned to build on its progress in the traditionally stronger second half of the year.”
Frameworks with banks inlcuding Lloyds, Barclays and RBS accounted for 40% of revenue during the period – down from 44% last time.
Styles & Wood said: “This is demonstrative of the slower than anticipated allocation of workload for the first half of the year.
“As a consequence there will be a heavy programme weighting for the second half.”