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Kier Group revenue decreased 1 percent

Staff Writer | March 23, 2017
Kier Group posted its results for the six months to December 31, with revenue falling 1% to £2bn on an underlying basis.
Kier Group
Kier Group   Net debt was £179m
The FTSE 250 firm said the results were in line with expectations, as profit from operations improved 4% to £56.5m, with the board saying there remained a "strong pipeline" of growth opportunities.

Profit before tax was 12% higher at £46.3m, and the board declared an interim dividend per share of 22.5p - up 5% on a year prior.

Its operating margin was 2.8%, improving from 2.7% in the six months to the end of 2015, and basic earnings per share were up 11% to 38.9p.

Net debt was £179m, widening 3% from £174m.

On a statutory basis, group revenue was up 1% to £2bn, profit from operations improved 149% to £47m, profit before tax was up 712% at £34.9m, and basic earnings per share were 405% higher at 39.9p.