Trading for the six months to 30th June 2017 at Morgan Sindall has been 鈥榮ubstantially ahead鈥� of last year, driven primarily by margin and profit growth in Fit Out and by margin improvement in Construction & Infrastructure.
As a consequence, the half-year results (to be announced on 8th August 2017) are expected to show profit before tax and amortisation in the region of 拢23.5m, which is 45% up on the 2016 first-half profit.
The Fit Out business has been doing particularly well, and looks like delivering a full-year result much stronger than previously expected. 鈥淭aken together with the expected margin improvement in Construction & Infrastructure and the second half weighting to Partnership Housing, the group now anticipates that its 2017 full year results will be significantly ahead of its previous expectations,鈥� the board said.聽
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