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ISG chief predicts another year of 0.2% construction margin

Source: Construction News 

ISG chief executive David Lawther has said he expects its construction division to continue working at a 0.2 per cent margin for at least another year.Mr Lawther told CN restructuring costs will be “north of £1 million” in 2012/13 as the firm “continues to manage its cost base in line with the market”. But he said there are signs of major projects coming back in the fit-out sector, where orders have rocketed by 83 per cent.

Company Profile: ISG Plc

Amec posts 11pc earnings growth for 2012

Source: Construction News 

Amec turned in an 11 per cent increase in earnings in 2012, the company's annual results have shown.Earnings before interest, tax and amortisation reached £331m, up 11% on the 2011 level. Revenue was £4.1m, up 28 per cent over the year and the company’s margin was 8%, down on the previous year’s 9.2 per cent. Amec’s order book was little changed on its size a year ago, falling by £0.1bn to £3.6bn. Chief executive Samir Brikho said: ”Amec continued to make good progress in 2012, with earnings per share up by 14% and strong operating cash flow.

Company Profile: Amec Plc 

Carillion chief predicts 4% proft margin and defends payment terms

Source: Construction News  

Carillion chief executive Richard Howson has said he anticipates construction operating margins of up to 4 per cent in the short-term, while defending the firm's approach to how it pays its supply chain. Mr Howson said the firm is pleased with its 2012 results, after posting a 13 per cent drop in revenue from £5.1 billion to £4.4bn as the company shrank its UK construction business and saw revenue fall in the Middle East, where it is targeting a £1bn turnover. Underlying pre-tax profit for the group was down 4 per cent to £232.4 million.

Company Profile: Carillion Plc 

Rise in profits for Costain

Source: Construction Enquirer 

Strong profits from highways and rail work helped to lift Costain pre-tax profits 16% to nearly £30m. But as Costain concentrated on lifting group margin to 4%, revenue fell back around 5% to £934m. Andrew Wyllie, chief executive, said the infrastructure division had a very successful year generating strong operating returns and additional gains on successfully completed and final accounted projects. He said the rail, highways and airport division continues to see high tendering activity.

Company Profile: Costain Group Plc

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