ISG.L Share News (ISG)

The order book at construction services group Interior Services is heavily weighted towards the private sector, the company was keen to point out as it announced a set of full year results that were in line with management expectations.The company, seeking to play down concerns about the impact of anticipated public spending cuts on its business, said that 70% of its revenue in the year to 30 June came from the private sector, up from 68% the previous year.Revenue from continuing operations dipped to £972m from £1,046m in the year to end-June 2009, while adjusted profit before tax dipped to £12.0m from £13.3m the year before.Reported profit before tax was £8.7m, down from £11.8m a year earlier. "While there is little doubt that our markets will remain highly competitive over the coming year, we are seeing a recovery in the spending programmes of our private sector customers. Our results show the continued resilience of the group and our strategy places us well to resume the growth path we demonstrated leading up to the global economic crisis," said chief executive David Lawther.The full year dividend has been increased to 14.34p from 13.66p the year before.