Revenue at building services group up by 4% for period, with future workload also increasing

Services and building group Interserve posted an 18.7% rise in pre-tax profit for the first six months of 2009, compared with the same period a year ago.

The group's profit before tax rose from £33.7m to £40m, on revenue up 4% from £913.6m to £951.2m.

The news was revealed today in the firm's interim results for the six months ending 30 June 2009.

Adrian Ringrose
Ringrose: "another period of growth and development"

A rise was also recorded in future workload, estimated at around £6.7bn, against £6.4bn at the same time a year ago.

Chief executive Adrian Ringrose said: “The half-year was another period of growth and development for Interserve.

“Benefiting from our long-term strategy we increased profits, reduced net debt and secured further contract wins with a whole-life value in excess of £1bn that provide improved forward revenue visibility.”