|
contents | business | |||||||||
| Morgan Sindall Group announces half year results Morgan Sindall Group, announces half year results for the six months ending 30 June 2013. Revenue for the period was up 2% on the prior year at £1, 019 million, while adjusted gross margin reduced 120 base points to 8.1% (half year 2012: 9.3%). This performance reflects competitive market pressures experienced across all divisions. The Group has also taken an exceptional charge of £13.0 million during the period as a provision against amounts recoverable on a small number of older construction contracts. The Group reports an order book of £3.1 billion, up 1% since year end, supported by a £2.2 billion pipeline of regeneration schemes, up 5% on year end. Adjusted earnings per share for the period are 31.5p (half year 2012: 38.4p). The interim dividend has been maintained at 12p per share (half year 2012: 12.0p). write your comments about the article :: © 2013 Construction News :: home page |