黑洞社区 firm increases profit to 拢27.9m despite 鈥檇ifficult economic environment鈥�
Costain has increased profit before tax by 54% to 拢27.9m.
The building firm posted an order book of 拢2.4bn down from 拢2.6bn in 2009. Revenue fell by 拢38.6m to 拢1,022.5m for the 12 months to December 31 2010.
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Overall the firm maintained a net cash position of 拢144.3m, an increase of 拢23.8m from the previous year.
David Allvey, chairman of Costain, said: 鈥淥nce again, the Group has demonstrated its resilience in a continuing difficult economic environment.:
鈥淲e look to the future with confidence, reinforced by our robust year-end order book, enhanced cash balance and the ongoing support of our customers committed to long-term capital investment programmes.鈥�
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