Strong performance in property and support services lifts interim profit to 拢36.2m

Kier has reported a 27.5% leap in pre-tax profit for the first half, boosted by strong performances in its property and support services divisions.

John Dodds
Dodds: Ample opportunity in all markets.

Kier posted pre-tax profit of 拢36.2m for the six months to 31 December 2006, up from 拢28.4m in the corresponding period in 2005. Turnover rose 11% to 拢1020.5m over the period.

Chief executive John Dodds said that the group was continuing to benefit from public sector spending in construction and support services, demand for housing and investors鈥� appetite for good quality property.

He said: 鈥淭he prospects for Kier Group are excellent. There continues to be ample opportunity in all of the markets in which we operate, our order books are full, our balance sheet is strong and we have very capable management teams in place. All of this leads me to anticipate further profitable growth.鈥�

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