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Fri October 30 2020

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Profits up at Hyder Consulting

17 Nov 10 Hyder Consulting has reported a 67% increase in interim pre-tax profit on marginally suppressed revenues.

Turnover was £149.9m for the half-year ended 30 September 2010, compared to a  slightly better £156.3m for the same period in 2009.

Pre-tax profit was up 67% to £9.5m (2009: £5.7m), while adjusted operating profit was up 31% to £10.6m (2009: £8.1m).

Chief Executive Ivor Catto said: "85% of our operating profits are from overseas and across four attractive market sectors, providing Hyder with both resilience and new opportunities. Whilst conscious of the economic conditions, we believe that the actions we have taken, together with our net cash position, headroom and £325 million order book, put us in a good position to grow."

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