30th Jun 2016 07:26
LONDON (Alliance News) - Costain Group PLC on Thursday said it was in line to deliver full year results in line with its expectations, after noting a strong performance in its first half, boosted by repeat orders.
The construction services company pointed to a strong trading performance for the six months ended June 30, and said it has maintained its order book at GBP3.90 billion, which is 5.0% ahead of the GBP3.70 billion recorded a year earlier. Repeat orders continue to represent more than 90% of its order book, Costain said.
The company added that it has a preferred bidder position of more than GBP400.0 million and tendering levels remain high.
Costain, which will post its interim results on August 24, said it was on course to deliver a result for the full year in line with its expectations.
Shares in Costain were up 6.4% at 314.32 pence on Thursday morning.
By Hannah Boland; [email protected]; @Hannaheboland
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