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Kier posts higher half-year profit, on track for double-digit profit growth in 2018

Published 15/03/2018, 07:36
© Reuters.  Kier posts higher half-year profit, on track for double-digit profit growth in 2018

(Reuters) - Kier Group (L:KIE) on Thursday reported a 4.7 percent rise in half-year operating profit and said it was on track to deliver double-digit profit growth in 2018.

The construction and support services company posted an underlying operating profit of 60 million pounds ($83.86 million) in the six months ended Dec. 31, up from 57.3 million pounds a year earlier.

Its order book grew to 9.5 billion pounds in the six months to Dec. 31, from 8.9 billion at June-end.

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