The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCostain Share News (COST)

Share Price Information for Costain (COST)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 80.20
Bid: 80.00
Ask: 81.60
Change: -2.40 (-2.91%)
Spread: 1.60 (2.00%)
Open: 82.40
High: 82.80
Low: 80.20
Prev. Close: 82.60
COST Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Costain Notes Profitable First Half Despite "Significant" Challeneges

Mon, 17th Aug 2020 10:15

(Alliance News) - Construction firm Costain Group PLC on Monday said its performance was resilient in the first half of 2020 during the Covid-19 pandemic with all contracts now operational.

Costain expects to report an operating profit, before the A465 and Peterborough & Huntingdon contracts, of GBP5.7 million for the first half. Both the Transportation and Natural Resources divisions remain profitable. The company reported an underlying operating profit of GBP21.2 million for the first half of 2019.

Costain said its order book stood at GBP4.2 billion at June 30 and has over GBP1 billion of work on its frameworks.

Costain has a strong balance sheet, with net cash of GBP140.9 million as at June 30.

Following the A465 contract and the Peterborough & Huntingdon contract, the company will no longer pursue energy performance certificate contracts and will focus more largely on long term investment programmes as opposed to one off capital projects.

Chief Executive Alex Vaughan said: "We now have a strong balance sheet, over GBP2 billion of contracts and frameworks secured and confirmed in the period and continue to have a growing pipeline of opportunities. I am confident that we are well placed to deliver significant growth in profit in 2021."

Costain will now announce its half year results on September 14.

Costain shares were down 4.4% at 55.00 pence each on Monday morning in London.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
8 Mar 2021 15:10

DIRECTOR DEALINGS: Virgin Money business banking chief sells 100,000

DIRECTOR DEALINGS: Virgin Money business banking chief sells 100,000

Read more
2 Mar 2021 16:01

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
17 Feb 2021 12:13

TRADING UPDATES: Total Produce Merges With Dole; Ad Screens For Sports

TRADING UPDATES: Total Produce Merges With Dole; Ad Screens For Sports

Read more
17 Feb 2021 10:57

SMALL-CAP WINNERS & LOSERS: Costain Resolves Welsh Contract Dispute

SMALL-CAP WINNERS & LOSERS: Costain Resolves Welsh Contract Dispute

Read more
17 Feb 2021 08:39

Costain settles dispute over Welsh motorway

(Sharecast News) - Costain has agreed a settlement with the Welsh government over their long-running dispute about the troubled A465 motorway project.

Read more
27 Jan 2021 12:04

IN BRIEF: Costain Adds Former Laird CEO Tony Quinlan To Board

IN BRIEF: Costain Adds Former Laird CEO Tony Quinlan To Board

Read more
5 Jan 2021 10:48

Costain Says Profitable In 2nd Half As Secures GBP1 Billion In Orders

Costain Says Profitable In 2nd Half As Secures GBP1 Billion In Orders

Read more
5 Jan 2021 09:02

Underlying trading at Costain remains profitable

(Sharecast News) - Construction engineering company Costain said on Tuesday that it had continued to operate productively, with effective safety measures in place across all contracts.

Read more
29 Dec 2020 15:44

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
17 Dec 2020 16:29

UK EXECUTIVE CHANGE SUMMARY: Kingspan Insulation Boards MD To Depart

UK EXECUTIVE CHANGE SUMMARY: Kingspan Insulation Boards MD To Depart

Read more
20 Nov 2020 13:42

UK EXECUTIVE CHANGE SUMMARY: New CFOs For Indivior And Costain

UK EXECUTIVE CHANGE SUMMARY: New CFOs For Indivior And Costain

Read more
20 Nov 2020 08:32

Costain appoints former De La Rue CFO Helen Willis to the same role

(Sharecast News) - Costain has appointed Helen Willis as its new chief financial officer with effect from 30 November.

Read more
29 Oct 2020 11:06

Glanbia To Return EUR50 Million Amid "Strong Cash Flows"

Glanbia To Return EUR50 Million Amid "Strong Cash Flows"

Read more
5 Oct 2020 19:40

UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review

UK EXECUTIVE CHANGE SUMMARY: Carclo Sees No Need For CEO After Review

Read more
14 Sep 2020 11:59

LONDON MARKET MIDDAY: FTSE Dips As Early Boost From Vaccine News Fades

LONDON MARKET MIDDAY: FTSE Dips As Early Boost From Vaccine News Fades

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.