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

Architects and engineers shortlisted for £600m hospital jobs

Architects and engineers shortlisted for £600m hospital jobs

Leeds Teaching Hospitals NHS Trust has revealed the architects and design teams in the running to work on the £600m redevelopment of two new hospitals in the city. The trust was one of six to be awarded a share of £2.7bn of funding last year as part of the first wave of the

Construction of record-breaking tunnel gets under way

Construction of record-breaking tunnel gets under way

The Femern project involves construction of an 18km combined road and rail tunnel linking Germany and Denmark. The tunnel, which will 9m high and 43m wide, is being built by the Femern Link Contractors. The joint venture comprises Vinci Construction Grands Projets (lead company for the two

Graham preferred for £100m health research centre

Graham preferred for £100m health research centre

The new 58,000 square-foot multidisciplinary hub is part of the university’s new campus in White City, west London. Graham will fit out all levels of the building, apart from the top floor, which is shell-and-core only, a statement on the appointment said. Imperial College London dean of the

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.