22 August 2024 - interim results

The UK infrastructure group has revealed further progress with revenues in the six months to 30 June falling by 4% to £639m although adjusted pre-tax profit rose by 22% to £19.4m.  Earnings per share on the same basis rose 27% to 5.6p and the interim dividend was maintained at 0.4p per share.  The net cash balance rose to £166m at the end of the period up slightly from 31 December which provides considerable reassurance to investors.  The group's forward order position which includes the order book plus work where the . . .

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