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Costain Group PLC - Maidenhead, England-based infrastructure construction firm - Ahead of its annual general meeting, says it is trading in line with board expectations. Says it remains confident in the group’s strategy and long-term prospects, while ‘mindful of the macroeconomic backdrop’. In 2022, Costain reported a pretax profit of £32.8 million, swinging from a loss of £13.3 million the previous year. Revenue totalled £1.42 billion, up 25% from £1.14 billion the year prior. Costain said this was driven by increased volumes in complex programme delivery and the impact of inflation, as well as increased revenue in its consultancy-led sectors, predominantly in Energy and Defence. Current stock price: 56.25 pence, down 2.0% 12-month change: up 42% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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