8th Apr 2016 08:34
LONDON (Alliance News) - Mountfield Group PLC on Friday said Mountfield Building Group Ltd made a "good start" to the year, securing GBP2.0 million of work for 2016 by the end of March, of which GBP1.5 million was secured since the start of the year.
Mountfield Building "is now in a position where it could make a valuable contribution to the group's profitability," Andy Collins, chief executive of Mountfield Group, said in a statement. "We are delighted that it is successfully gaining the type of work that the board targeted when the new business strategy was agreed."
The GBP1.5 million secured since the start of 2016 is made up of 11 contracts, Mountfield said, with the largest being worth GBP300,000.
Mountfield Building is negotiating other "mid-value" contracts and has tenders submitted on other projects, the company said.
Shares in Mountfield Group were up 21% at 1.42 pence on Friday morning.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
MOGP.L