Kier forges ahead with healthy order book

first_imgThursday 16 September 2010 4:12 am Construction firm Kier said it had entered the new financial year with healthy order books after posting full-year pre-tax profit up 11 per cent.The firm said it had a strong order book for its construction and support services units at £4.2bn, and a record net cash position of £175.2m.It posted full-year pre-tax profit of £58.4m and revenue of £2.1bn. Analysts were expecting pre-tax profit of £55.5m and revenues of £2.1bn. “Market conditions in 2011 will remain challenging for all our businesses,” it said. “However, with our strong track record of delivery and our innovative financing and planning skills, we expect to continue to grow our UK market share, particularly in construction and support services.”The construction and support services sector was hit hard by the financial crisis and more cuts in contracts loom when the full extent of the Government’s belt-tightening becomes clear.Kier, however, said in July that it had seen a rebound in private sector work and would manage public spending cuts by investing in non-discretionary areas such as power and utilities.It posted full-year pre-tax profit of £58.4m and revenue of £2.1bn. Analysts were expecting pre-tax profit of £55.5m and revenues of £2.1bn. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Kier forges ahead with healthy order book whatsapp John Dunne center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼ Share Tags: NULLlast_img

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