11th Sep 2015 06:55
LONDON (Alliance News) - Construction services company Sweett Group PLC on Friday said its trading in the financial year to date has been "sound" and its full-year results should be in line with market expectations.
John Dodds, Sweett's chairman, said in a statement ahead of its annual general meeting that trading has been solid in its financial year so far, starting April 1, with contracts won from Australian developer Westfield for two private rental sector residential schemes at the company's shopping centres in Shepherd's Bush and Stratford.
Dodds said Sweett's strategy review is ongoing and it will update on the process when appropriate.
The chairman said the investigation by the UK Serious Fraud Office into Sweett's Middle East operations is also ongoing, with the company cooperating fully. The SFO is conducting a probe into the conduct of a former employee of the Cyril Sweet International Ltd subsidiary in the Middle East.
By Sam Unsted; [email protected]; @SamUAtAlliance
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