Group revenue increased by 34% to 拢51m.
It has a secured workload of approximately 拢152m that it expects to complete within the current financial year.
All of the construction divisions within the PLC are trading profitably, with particular progress in the highways division. The Nomenca subsidiary has also advanced with profit up to 拢0.26m from 拢0.1m on a revenue of 拢15.4m.
However, the building subsidiary generated a loss of 拢0.25m as a result of significant delays on its major project.听 Reimbursement is being sought through a significant claim, the result of which is yet to be determined.听 There is a major requirement for the subsidiary to secure workload, but the market is very depressed and extremely competitive, according to North Midland Construction.
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