Construction group reaches new heights as sales soar by 45%.
North Midland Construction plc says the half-year ending on 30 June 2005 produced record turnover and profitability, up to £68.5 m and £1.76 m respectively. Net profit after tax for the six-month period was £1.23 m.
In a statement to the London stock exchange announcing the interim results, the Group said that all divisions had traded profitably during the first half of 2005, and that it had secured contracts with ntl, Kingston Communications, Marconi and Severn Trent Water.
Chairman Robert Moyle said: “Further organic growth has been established during the first half of the year with turnover advancing to £68.5m, an increase of 45.9% over the comparable period last year.
All the constituent elements of the Group are trading profitably and the Group has secured orders in hand of circa £120m. North Midland Building has returned to its former level of profitability and will achieve an enhanced result for the full year.”