11th May 2023 16:12
Costain Group PLC - Maidenhead, England-based infrastructure construction firm - Ahead of its annual general meeting, says it is trading in line with board expectations. Says it remains confident in the group's strategy and long-term prospects, while "mindful of the macroeconomic backdrop".
In 2022, Costain reported a pretax profit of GBP32.8 million, swinging from a loss of GBP13.3 million the previous year. Revenue totalled GBP1.42 billion, up 25% from GBP1.14 billion the year prior. Costain said this was driven by increased volumes in complex programme delivery and the impact of inflation, as well as increased revenue in its consultancy-led sectors, predominantly in Energy and Defence.
Current stock price: 56.25 pence, down 2.0%
12-month change: up 42%
By Greg Rosenvinge, Alliance News reporter
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