News Column

Keller's profits are boosted by US construction

August 5, 2014

AASHIKA JAIN



KELLER Group, a ground engineering contractor, said first-half pre-tax profit rose 21 per cent as underlying growth in the US construction market, its biggest for revenue, continued.


The company's shares rose 14p - 1.6 per cent - to close at 889p after early rises made the stock one of the top per centage gainers in earlier trading.


Keller lays cost-effective foundations for infrastructure, industrial and residential projects. It said like-for-like first-half order book for work over the next 12 months was nine per cent ahead of the same time last year.


Pre-tax profit rose to 32.5m for the six months ended 30 June from 26.8m a year earlier. Revenue rose 22 per cent to 788.2m.


Reuters


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Source: City A.M. (UK)


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