20th Jul 2022 12:03
Costain Group PLC - Maidenhead, England-based infrastructure construction firm - Expects interim and full-year revenue ahead of expectations in 2022. Attributes this to "inflation recovery mechanisms" put into contracts. Continues to expect "good" year-on-year revenue growth.
Says adjusted operating profit for the first half will be in line with its expectations. Net cash as at June 30 amounts to GBP95 million and is ahead of market expectations. Expects the adjusted operating margin for the first half to be flat, year-on-year. Backs expectations for reported and adjusted operating profit for all of 2022.
Current stock price: 39.00 pence, up 12% on Wednesday
12-month change: down 26%
By Abby Amoakuh; [email protected]
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