AIM-listed company makes 拢7.7m profit for six months to June while turnover leaps 49% on back of contract wins
Social housing contractor Mears has posted a 16% rise in pre-tax profit from 拢6.6m to 拢7.7m for the six months ended 30 June.
Turnover at the group rose 49% from 拢136.9m to 拢203.3m as the group announced new contract awards of 拢430m.
Bob Holt, chairman of the AIM-listed company, said: 鈥淲e believe that 2008 will be another successful year of growth.
"We have recently achieved tremendous success in securing a further 拢430m of new contract awards. Mears is in good shape to achieve further growth across all areas of business.鈥�
Its order book stands at a record level of 拢1.7bn.
Postscript
For a breakdown of Mears results see the file below.
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