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Construction and infrastructure services company Kier was in the green on Thursday as it posted a rise in first-half operating profit as cost-cutting lent a hand in "challenging" market conditions.
In the six months to 31 December 2019, operating profit before exceptional items ticked up to ?46.7m from ?41.9m, while statutory pre-tax losses narrowed to ?41.2m from ?45.3m as it delivered ?23m in cost savings.
Construction and infrastructure services company Kier was in the green on Thursday as it posted a rise in first-half operating profit as cost-cutting lent a hand in "challenging" market conditions.
In the six months to 31 December 2019, operating profit before exceptional items ticked up to ?46.7m from ?41.9m, while statutory pre-tax losses narrowed to ?41.2m from ?45.3m as it delivered ?23m in cost savings.
I can actually see this going over £2 with little or no news.. it seems the economy and the economics are fundamentally in are favour. Kier group will be on the front line of the government's environmental and sustainable energy push, and don't forget the massive transport infrastructure change which will pump billions into this company. Debts will be massively reduced and targets met.