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Carillion reports jump in H1 profit

Staff Writer | August 24, 2016
Carillion reported a rise in first-half profit and revenue thanks to a strong performance from its support services business, as it announced the appointment of a new finance director.
Carillion   The company remains in track
In the six months to the end of June, pre-tax profit was up 24% to 83.9m pounds on revenue of 2.5bn pounds, up 10% from the same period last year.

The company declared an interim dividend of 5.8p per share, up a touch from 5.7p.

Chairman Philip Green said: "I am pleased to report that the group's first-half results are in line with our expectations, led by a strong performance in our support services business, which accounted for nearly two thirds of the group's underlying operating profit.

"New order intake in the first half of the year has been strong and continues to reflect the success of our strategy and strength of our business model. Overall, we remain on track to make further progress in 2016."