North Midland Construction has reported a return to profitability in H1, with PBT of £0.1m (H1’14: £0.4m, FY’14: -£3.0m). Revenue was up 17.9% YoY to £107.2m (H1’14: £91.0m), supported by a strong performance in highways and Nomenca. We are encouraged by signs that the legacy contracts that have dogged the business are coming closer to resolution, with one contract set to be concluded in mid-September and the contractual matters of another expected to be finalised imminently. We have nudged up o ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Return to profitability; Progress in legacy contracts
- Published:
13 Aug 2015 -
Author:
N+1 Singer Team -
Pages:
4
North Midland Construction has reported a return to profitability in H1, with PBT of £0.1m (H1’14: £0.4m, FY’14: -£3.0m). Revenue was up 17.9% YoY to £107.2m (H1’14: £91.0m), supported by a strong performance in highways and Nomenca. We are encouraged by signs that the legacy contracts that have dogged the business are coming closer to resolution, with one contract set to be concluded in mid-September and the contractual matters of another expected to be finalised imminently. We have nudged up o ....