Contractor's first interim results since floating on AIM boosted by infrastructure contracts
May Guerney today released its first set of interim results as a listed company by announcing a 20% rise in pre-tax profit.
The contractor, which floated on the Alternative Investment Market in June, increased profit to £6.6m for the six months ending 30 September, up from £5.5m last year.
Turnover increased 12% to £199.6m driven by highways and maintenance contracts. The contractor has also signed long-term contracts with West Sussex County Council, Network Rail and Essex and Suffolk Water, giving a total order book of more £1.1bn.
Commenting on the results, David Sterry, chief executive, said: "This has been a very important year for May Gurney and we are extremely pleased to announce a very positive set of maiden interim results following on from our successful flotation on AIM in June 2006. The flotation has been received very positively by our shareholders, our customers, our suppliers and our people and we remain committed to delivering value to them all. Our business is focused on our customers and our relationships with them, so as to ensure a high quality of service,"