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25th August 2011
25 August 2011
Revenue at Carillion has slipped back 2 per cent to £2.45 billion for the half year, compared to nearly £2.51 billion for the same period last year.
And pre-tax profit at the construction and support services business tumbled 35 per cent, falling from £58.8 million for the first six months last year to £38.2 million for the six months ended 30 June 2011.
However, the company's results show support services was relatively buoyant. Operating profit in support services rose 6 per cent, from £43.2 million to £45.6 million this year.
This side of the company's business is wide rangeing and includes FM, energy services, utility services, road maintenance, rail services and consultancy businesses.
At 30 June, the support services order book stood £12.2 billion, up slightly from £11.7 billion at 31 December 2010.
But operating profit for their public-private partnership projects dropped 40 per cent, from £14.7 million to £8.8 million.
Carillion’s “pipeline of contract opportunities had increased significantly to £11.2 billion (2010: £8.3 billion)”, the statement said.
“Since the half year, we have had a number of significant successes, including a contract and a preferred bidder position for highways maintenance work in Canada worth some £200 million over 11 years and preferred bidder positions for facilities management contracts for UK local authorities worth approximately £50 million over four years.”
The business expects its operating margin to remain strong and continues to target a full-year margin at least equal to the 5.2 per cent achieved in 2010.
Other news for Thursday, 25 August 2011:
Serco profit boost defies 'headwinds'
Unite delivers strong half-year results
Carillion’s profit suffers in first six months
IOSH calls for care during refurbs
Lost in translation
Revenue at Carillion has slipped back 2 per cent to £2.45 billion for the half year, compared to nearly £2.51 billion for the same period last year.
And pre-tax profit at the construction and support services business tumbled 35 per cent, falling from £58.8 million for the first six months last year to £38.2 million for the six months ended 30 June 2011.
However, the company's results show support services was relatively buoyant. Operating profit in support services rose 6 per cent, from £43.2 million to £45.6 million this year.
This side of the company's business is wide rangeing and includes FM, energy services, utility services, road maintenance, rail services and consultancy businesses.
At 30 June, the support services order book stood £12.2 billion, up slightly from £11.7 billion at 31 December 2010.
But operating profit for their public-private partnership projects dropped 40 per cent, from £14.7 million to £8.8 million.
Carillion’s “pipeline of contract opportunities had increased significantly to £11.2 billion (2010: £8.3 billion)”, the statement said.
“Since the half year, we have had a number of significant successes, including a contract and a preferred bidder position for highways maintenance work in Canada worth some £200 million over 11 years and preferred bidder positions for facilities management contracts for UK local authorities worth approximately £50 million over four years.”
The business expects its operating margin to remain strong and continues to target a full-year margin at least equal to the 5.2 per cent achieved in 2010.
Other news for Thursday, 25 August 2011:
Serco profit boost defies 'headwinds'
Unite delivers strong half-year results
Carillion’s profit suffers in first six months
IOSH calls for care during refurbs
Lost in translation