Two construction firms brave the recession to announce big profits
Despite all the depressing forecasts surrounding the construction industry (the recent GDP figures being the main one), numerous construction firms are announcing profits for 2011.
Last week Galliford Try, Costain and Morgan Sindall revealed big profits and even bigger order books for 2011 and 2012, and now Kier and North Midland Construction has followed suit.
North Midland Construction, who are based at Sutton-in-Ashfield, posted a 34% increase in revenue to £51 million, which is a 10.6% profit. With an expected income of £152 million this year, 2011 is expected to be a good year for North Midland Construction, which of course is good news for contractors living in the Midlands, as bigger profits mean more projects and more jobs.
Kier managed a 2% rise in profits so far in 2011 and healthy order books for the next year. Kier has won £600m-worth of contracts this year and has a full order book for the first 6 months of this year and 80% of work secured for 2012.
- Trio of construction giants endure good start to 2011 (train4tradeskills.wordpress.com)
- Balfour Beatty’s big 2011 to cast further doubt on construction GDP figures (train4tradeskills.wordpress.com)
Posted on May 18, 2011, in construction jobs, construction news, Electrical News, electrician jobs, plumbing jobs, Plumbing News, train4tradeskills and tagged construction, construction jobs, construction recession, Costain Group, electrician jobs, Galliford Try, GDP, Gross domestic product, Kier, Morgan Sindall, Morgan Sindall Group, North Midland Construction, plumbing jobs, t4ts, train4tradeskills. Bookmark the permalink. 1 Comment.