Daily cash levels jump to nearly £300m as Morgan Sindall turns in record interim numbers

By Dave Rogers2021-08-04T06:10:00

Healthy balance sheet means firm isn’t tempted into taking on risky jobs, chief executive says

Morgan Sindall’s average daily net cash position nearly doubled to close to £300m in the first half as the firm confirmed it had turned in record interim results this morning.

The company said its average daily cash number in the six months to June was £294m, up from £153m for the same period last time and the £123m it posted in the equivalent period in 2019. Net cash at the half-year end was £337m, up from £146m last year and £114m in 2019.

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