Shares in North Midland Construction fell after the company's first half revenues dropped from £91.3m to £74.9m year-on-year after significant losses in the building and civil engineering division. Profit before tax fell from £1.3m to £0.1m, while earnings per share plunged from 12.52p to 0.23p. The proposed dividend was slashed from 2.5p to 1.5p. The firm's Chairman described the results as "disappointing".
12 May '09
Contract Win - RNS
CONTRACT WIN 12 May 2009 North Midland Construction (NMD) today announces it has been awarded a significant contract by KCOM Group (KCOM.L). This contract relates to the construction element of the high speed communications network for the South Yorkshire Digital Regions (SYDR) project consortium. Thales is the prime contractor for the project.
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