Morgan Sindall sees margin improvements

By Hamish Champ2018-11-01T14:14:00

Morgan Sindall expects its construction and infrastructure operations to produce a margin of at least 2% in the second half of the year, the contractor said in a trading update issued today.

The contractor said it had seen strong trading in the second half of the year and was expecting figures for the year to the end of December to be in line with analysts’ forecasts, with turnover of £3bn and pre-tax profit of £80.7m. It also expected its average net daily cash figure for the year to be at least £90m.

Last year Morgan Sindall reported annual turnover of £2.8bn and a pre-tax profit of £66m.

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