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| Morgan Sindall Group announces preliminary results Construction and regeneration company Morgan Sindall Group plc has announced its preliminary results for the year ended 31 December 2013. Against a backdrop of continued challenging trading conditions, Morgan Sindall Group delivered strong operating cash flow with year end net cash of £70m (2012: £50m). Operating profit before amortisation and exceptional operating items was £33.6m (2012: £48.1m) on revenues of £2, 095m (2012: £2, 047m). Adjusted earnings per share were 60.9p (2012: 92.0p). The dividend for the year is 27.0p per share (2012: 27.0p). The Group's committed order book stands at £2.4bn (2012: £2.2bn) and the regeneration & development pipeline grew to £3.0bn (2012: £2.5bn). Looking ahead to 2014, although there are signs of improving conditions in some of our markets, it is anticipated that upward pressure on supply chain costs and skills availability will provide additional management challenges. Against this backdrop, we remain confident that our robust order book and on-going disciplined approach to contract selectivity will support the delivery of growth in this year and beyond." write your comments about the article :: © 2014 Construction News :: home page |