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| Carillion reports half-year results: in line with expectations UK builder Carillion said its first-half revenue was almost £300m lower than in the same period of 2011. - First-half revenue reduced, primarily due to the continued re-scaling of UK construction and the timing of project awards in the Middle East; - Strong growth in underlying profit from operations reflects a continuing improvement in operating margin; - Underlying profit before taxation and underlying earnings per share increased, despite a higher net financial expense; - Substantial increases in reported profit before taxation and basic earnings per share, included a contribution from the sale of equity investments in Public Private Partnership projects. Good revenue visibility: strong order book plus probable orders; record pipeline of opportunities; - 92% revenue visibility for 2012; - £2.2bn of new and probable orders won in the first half, with total orders and probable orders worth £18.3bn at 30 June 2012 (31 December 2011: £19.1bn); - Record pipeline of contract opportunities of £35.6bn (31 December 2011: £33.1bn), including major UK public sector outsourcing opportunities, supports targets for growth. Interim dividend increased by 2% to 5.4p (2011: 5.3p). write your comments about the article :: © 2012 Construction News :: home page |