Construction group Morgan Singall builds revenue
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Morgan Sindall managing
director Graham Shennan
by business editor Trevor Sturgess
Construction and regeneration group
Morgan Sindall built up sales last year against a backdrop of
challenging trading conditions.
The company, with offices in Smeeth,
near Ashford, has reported year-end revenue to December 31 up 6% to
£2.227bn (2010: £2.102bn).
Profit before tax, amortisation (the
reduction of the value of an asset) and exceptional items fell back
to £45.3m (2010 - £51.3m).
The group announced a 42p dividend,
the same as the previous year.
Its forward order book stands at
£3.4bn (2010: £3.6bn) with a growing regeneration pipeline of
£1.8bn (2010: £1.4bn).
In Kent, Morgan Sindall is building a
£2m sports hall at Skinners' School, Tunbridge Wells, and recently
completed the new Ashford Gateway, library and community facility
for Kent County Council.
The scheme involved demolishing the
town's library in Church Road and replacing it with a new building
that houses a library, new civil ceremony venue and a wide range of
community services.
Managing director Graham Shennan said:
"Morgan Sindall will focus on growing our market share and
maintaining and improving our market-leading positions throughout
2012.
"This will be underpinned by our
proven track record, strong local presence and a relentless focus
on both an exceptional customer experience and safety."
Tuesday, February 21 2012
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