26th Jun 2014 06:50
LONDON (Alliance News) - Construction and engineering business Costain Group PLC Thursday said it remains on course to deliver a half-year result in line with its expectations, after it won a number of profitable contracts in 2014.
During the period, the company was appointed to Network Rail's GBP2 billion National Electrification Programme, the Crossrail North East Spur contract and appointed to three transmission frameworks with National Grid PLC.
As a result of these deals, Costain said its forward order book currently stands at GBP3.2 billion compared with GBP3.0 billion at the end of December. It said 90% of its order book comprises repeat orders.
Overall, GBP950 million of revenue has been secured for 2014.
Costain will publish its interim results for the six months ended June 30 on August 21.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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