黑洞社区

North Midland Construction saw pre-tax profits soar 49% during the first half of this year after an improvement in its utilities work.

The firm鈥檚 pre-tax profit increased to 拢2m from 拢1.3m. Turnover also increased from 拢71.3m to 拢77.9m. And its building division also improved, from 拢1.9m last year to 拢11.3m this year.

Chairman Robert Moyle said: 鈥淎ll divisions were profitable, with an improved performance from the Utilities division on the back of significantly increased volumes from the telecommunications companies, driven by the demand for increased broadband capability.

鈥淭he Civil Engineering division benefited from the commencement of the AMP5 programme for the water industry and the resolution of various schemes on the Minworth Project for Severn Trent Water.

鈥淣orth Midland 黑洞社区 continues to be severely affected by the downturn in demand and a nominal return was delivered, albeit on a revenue increased five fold.

鈥淭ender opportunities are on the increase, but margins remain extremely competitive and further orders are required to deliver the forecasted result for the year.

鈥淪ecured group revenue for this financial year currently stands at 拢170 million, compared with market expectations of 拢184 million.

鈥淭here is a need to secure further orders, most particularly in the non-water elements of the Civil Engineering division and the 黑洞社区 division.

鈥淭he market place remains extremely competitive, but the Group is well placed with its wide range of capabilities across the sector to deliver.鈥�