Morgan Sindall's property services arm moves into the black

Morgan Sindall

Trading update says division has returned to profit after last year’s losses

Morgan Sindall’s property services operation has returned to profit after posting losses last year, the company said today.

In a trading update ahead of its AGM today the contractor said the division had moved into positive territory after last year’s £1.3m loss on turnover of £66m.

Operating margins across the construction and infrastructure division had also improved in the early months of the current financial year, building on 2017’s 1.5%. Last year the operation generated operating profit of £20.4m on £1.4bn of turnover.

This is premium content

Only logged in subscribers have access to it.

Login or Subscribe to view this story

Existing subscriber? LOGIN OR

Take out a Premium or Digital subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

Get access to premium content subscribe today

Alternatively REGISTER for free access on selected stories and sign up for email alerts.