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

Plans revealed for Major £2bn Tidal Barrage

Plans revealed for Major £2bn Tidal Barrage

Plans have been revealed for a £2bn tidal barrage across The Wash, a bay in East Anglia between Lincolnshire and Norfolk, which will feature the world’s first tidal energy-powered deep sea container terminal, act as a flood defence and have rail and road elements.   The 17.7km

Balfour gets go-ahead for £200m A57 Link Roads

Balfour gets go-ahead for £200m A57 Link Roads

The Government has given the green light for a scheme to build two new link roads at Mottram Moor as part of plans to deliver Trans Pennine route upgrades between Manchester and the north of Sheffield.   Balfour Beatty, which secured the £108m contract to deliver the scheme two years

South Yorkshire’s tram system on track for £8.6m upgrade

South Yorkshire’s tram system on track for £8.6m upgrade

A £8.6 million funding package for South Yorkshire’s Supertram system has been given the green light by local leaders, to pay for urgent renewal work on the tracks and trams. A further £4.3 million has been approved to make the case to government for significant additional

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.