• Text size      
  • Send this article to a friend
  • Print this article

Morgan Sindall profits down

CONSTRUCTION firm Morgan Sindall has said half-year profits were down eight per cent to £14.2 million as revenue fell two per cent to £998 million, despite an increased contribution from its urban regeneration arm.

The trend is expected to continue into the second half, accompanied by continued margin pressure in the construction and the affordable housing divisions. In Scotland the Lovell subsidiary was said to have secured contracts with a value of £59 million in the first six months of the year while Muse Developments is working on the £107 million Marischal Square plan in Aberdeen.

Contextual targeting label: 
Fashion

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

252488