HARRYCAT
- 23 Aug 2017 07:31
- 368 of 369
StockMarketWire.com
Costain is on track to meet full-year forecasts after a strong first half performance with a 34% growth in underlying operating profit and a 10% interim dividend increase.
Revenue, including its share of joint ventures and associates, increased to £874.5 million (2016: £791.4 million) while underlying operating profits rose to £21.2 million.
The group said the order book stood at £3.7 billion, of which over 90% continued to be repeat business (30 June 2016: £3.9 billion), and tendering levels remained high.
It said over £1.5 billion of revenue had been secured for FY 2017 at 30 June (2016: over £1.4 billion secured for FY 2016).
Chief executive Andrew Wyllie said: "We delivered another strong performance in the first half of the year with 34% growth in underlying operating profit and a 10% interim dividend increase.
"We are transforming rapidly to differentiate Costain as the UK's leading smart infrastructure solutions company.
"We are delivering technology-based solutions demanded by our clients who are spending billions of pounds, underpinned by legislation and regulation, to meet ever more complex challenges to enhance the nation's infrastructure.
"Costain is on course to deliver results for the year in line with the Board's expectations."
HARRYCAT
- 07 Nov 2018 09:44
- 369 of 369
StockMarketWire.com
Infrastructure solutions company Costain said Wednesday it had been awarded a six-year framework contract by Highways England to deliver the regional investment programme.
The combined value to Costain over the six-period was expected to be about £1.5bn.
Under the terms of the contract, Costain agreed to deliver the regional investment programme during road period 1, from 2015-2020, and road period 2, from 2020-2025.
The work to be delivered under the framework formed part of Highways England's ongoing objectives to improve safety, increase capacity and to improve the user experience across its network.