Did you know that there is a version of The Construction Index for the USA? Visit the site No thanks
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Thu December 14 2017

Related Information
Related Information
Related Information

News » UK » All’s well with Kier » published 17 Nov 2017

All’s well with Kier

Kier says that it is on course to deliver double-digit profit growth this year and hit its Vision 2020 target of more than £4.5bn revenue for 2017.

In a trading update ahead of the company’s annual general meeting, the Kier board reported all round good progress.

The Property division is performing well, delivering a return on capital in excess of 20% on an increasing capital base. The mixed tenure and private housebuilding businesses continue to make good progress. Both the construction division and the services division had booked more than 95% of their targeted revenue for the financial year (ending June 2018). And the recently acquired McNicholas business was performing well, with good progress made with its integration.

In the year to 30th June 2017 Kier Group reported a pre-tax profit of £25.8m on revenue up 5% to £4.27bn. The previous year it lost £15m before tax.

 

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News, Contract News & Supplier News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 17 Nov 2017 (last updated on 17 Nov 2017).

More News Channels