Highways bright spot for North Midland | Smart Highways Magazine: Industry News

Highways bright spot for North Midland

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Highways maintenance and improvement work was one of the few bright spots for North Midland Construction in a disappointing set of half-year results this week.

Chairman Robert Moyle said: “In spite of the public sector expenditure cuts, the Highways division increased both revenue and profit by 21.7% and 78.7% respectively.

“Geographical consolidation has continued and the division has a strong presence with several public sector frameworks.  Year end forecasts will be achieved and the current workload for the second half of the year is £10 million.”

Across the group, pre-tax profits fell to £1.3m from £2m despite turnover increasing 17% to £91.3m.

 
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