6th Jan 2016 07:34
LONDON (Alliance News) - Construction and civil engineering services company Costain Group PLC on Wednesday said it has continued to perform well and is set to deliver 2015 results in line with its expectations.
Costain said its blue-chip customers have continued to invest in upgrades and in renewing energy, water and transportation infrastructure in the UK, leading to the group winning large-scale contracts and extensions to existing deals.
As a result, Costain's order book at the end of December stood at GBP3.9 billion, up from GBP3.5 billion a year earlier, including GBP1.1 billion in revenue secured for 2016.
"Costain has had another good year. We also have good visibility over the medium-term, having finished the year with a record order book and a strong net cash position, providing confidence for the future," said Chief Executive Andrew Wyllie.
By Sam Unsted; [email protected]; @SamUAtAlliance
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