Order book of £4.4bn points to strong future growth says chairman Sir Neville Sims.
Carillion has announced a pre-tax profit of £19.9m for the six months ended 30 June 2004 on a turnover of £960.0m.
Carillions said that its support services division now accounted for half the group’s turnover and half its profit. The company says it is in a good position to benefit from the government’s planned increase in UK public investment.
Chairman Sir Neville Sims said: “The outlook for trading in our key markets continues to be positive. We have strong order book of £4.4bn, notwithstanding the effects of selling Crown House and two further PPP equity stakes.”
The support services and construction copmany said that it would continue to recycle PPP equity investments to boost profits. The two sales in 2004 generated proceeds of £20.5m.
Carillion is also preferred bidder on five PPP contracts worth some £1.7bn. It was also shortlisted for six PPP projects, which the group estimates would be worth £2.5bn.
The group said that its support services division had won £300m of new rail contracts in the first half of 2004, which helped to offset the transfer of rail maintenance work to Network Rail.
The construction services division won new contracts in the UK worth approximately £300 in the interim period, while the international business picked up £340m of new contracts.
