News Column

Keller's profits are boosted by US construction

August 5, 2014


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.


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Source: City A.M. (UK)

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