Costain announces strong half-year performance

Costain announces strong half-year performance

Engineering services company Costain Group Plc has announced a major increase in half-year performance, reporting revenues of £621.1 million for the first half of 2015, up from £529.1 million the previous year.

 

Pre-tax profits also doubled, increasing from £5.8 million last year to £10 million, and adjusted pre-tax profits grew from £9.1 million to £11.4 million.

 

The company said it has secured more than £1.2 billion of revenue for 2015 compared to the £1.12 billion which was booked last year, and its order book value has increased to £3.7 billion from £3.2 billion, 90% of which comes from repeat orders.

 

Costain’s Chief Executive, Andrew Wyllie, commented: “We have delivered another strong performance in the first half of the year. In addition to growth in revenue and profit, our order book now stands at a record £3.7 billion.

 

“Costain is accelerating its growth and following the 17% increase in underlying operating profit in the first half of the year is on course to deliver a result for the year at the upper end of the board’s expectations. Our confidence for the future is reflected in the 15% increase in dividend.”

 

Find all our live engineering jobs here.

Please rate

Comments 

Name
Email
  Ctrl + Enter

Most Read

Network Rail tenders £1.7bn minor works contract

Network Rail tenders £1.7bn minor works contract

Network Rail Southern Region is seeking 16 contractors for a new minor works framework.   The minor works buildings and civils framework (MWF-B&C) is divided into nine lots for unplanned, planned and cyclical maintenance works.   The £1.7bn framework is designed to align

Contractor signed for the construction of a £9m new Trent bridge

Contractor signed for the construction of a £9m new Trent bridge

A bridge is being built to connect pedestrians and cyclists in the Lady Bay area south of the river with the Trent Basin waterside housing estate on the north side of the river, close to Nottingham city centre.   It will be the first new crossing of the Trent in the city for 65 years.

Women in Rail Conference marks end of 10th anniversary celebrations

Women in Rail Conference marks end of 10th anniversary celebrations

Women in Rail (WR) marked the end of its 10th anniversary celebrations with its annual Conference on Thursday 2nd March 2023.   The hybrid event, hosted by London law firm Stephenson Harwood, brought together 120 in-person attendees and a virtual audience of almost 100. Tickets had sold out

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.