Morgan Sindall's property services arm moves into the black

By Hamish Champ2018-05-04T06:28:00

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.

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