French-owned contractor Norwest Holst turned an operating loss of £200 000 into a profit of £1.7m for the six months to 30 June 1999.
The reversal of fortunes helped lift pre-tax profit (which includes interest payments) to £4.1m, up from £3.5m for the same period in 1998. Turnover rose £4m to £174.4m. The group said its secured workload for the first six months was £265m.
