Infrastructure drives Costain

23 August 2012 Contractor Costainís pre-tax profits have jumped by over £5m for the first half of 2012, thanks to a strong performance from its infrastructure division.
The figure rose to £15.4m for the first six months of this year, up from £10.1m during the same period last year.

The group’s infrastructure division almost doubled its profits to £10.9m in the period, compared to £5.7m in 2011.

Profits also rose at its energy and process division by £600,000, however Costain’s environment arm saw profits fall to £1.6m, down from £6.7m in the same period last year.

The firm remains cautiously optimistic for the future, with a forward order book of £2.4bn and is at preferred bidder stage on £400m-worth of deals.

“Despite the ongoing challenging economic conditions, we remain on course to deliver a result for the year in line with the board’s expectations,” said chairman David Allvey.

This page was last updated on:
3 September 2015.

thumb

Corbynmania: The final nail in PFIís coffin?

As the Labour leadership frontrunnerís bandwagon continues to roll, his popularity offers another chance to attack privately financed infrastructure

thumb

In Scotlandís Future he Trusts

Heís the man at the top of the Scottish Futures Trust, but Sir Angus Grossartís roles, interests and experiences take him to the heart of all Scottish life.

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...