30th Jun 2015 07:18
LONDON (Alliance News) - Mountfield Group PLC on Tuesday said the review of its Mountfield Building Group Ltd business is already producing measurable benefits, sending its shares higher in early trade.
Mountfield is engaged in two main types of business: Mountfield Building Group Ltd (MBG), a specialist in the installation of data centres; and Connaught, which installs flooring to commercial offices and data centre installations.
Mountfield said the review of the building group business led to a change in focus from carrying out projects with a high risk, fixed-price nature to targeting works directly awarded by clients, which offer lower risks and better margins.
Those changes have resulted in a significantly improved trading performance for the division in the year to date, Mountfield said.
Shares in the company were up 9.6% to 1.4248 pence on Tuesday morning, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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