Kier focuses on private sector but says education and health sectors are still making 鈥榮ignificant鈥� contributions to revenue
Construction, services and property group Kier said it is on course to meet profit expectations for the full year despite the difficult economy.
In a statement this morning, Kier said its construction division had remained resilient since 1 July 2011 with operating margins above 2%.
Real-time Share PriceThe company said it had secured more than 拢400m of new work since July and said its order book of secured and probable construction work was 96% of expected revenue for the year to 30 June 2012.
鈥淎s anticipated, our contract awards continue to demonstrate a shift towards the private sector although education remains a very significant contributor and we have seen some growth in the number of awards in health projects through the P21+ framework.鈥�
Kier said it expected power, waste and overseas markets to generate good quality work in the short to medium term.
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