AIM-listed company makes £7.7m profit for six months to June while turnover leaps 49% on back of contract wins

Social housing contractor Mears has posted a 16% rise in pre-tax profit from £6.6m to £7.7m for the six months ended 30 June.

Bob Holt

Turnover at the group rose 49% from £136.9m to £203.3m as the group announced new contract awards of £430m.

Bob Holt, chairman of the AIM-listed company, said: “We believe that 2008 will be another successful year of growth.

"We have recently achieved tremendous success in securing a further £430m of new contract awards. Mears is in good shape to achieve further growth across all areas of business.”

Its order book stands at a record level of £1.7bn.


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