RNS substantial increase27 Mar 2018 09:46
he Directors of Group are pleased to announce that 2017 saw a sizeable increase in Group's turnover and they expect, following conclusion of the audit, to announce a substantial increase to net profit achieved in the year to 31 December 2016.
Both CAF and MBG have performed very well during 2017, having both won a number of large contracts in the second half of the year
As announced on 27 November 2017, the Group has a strong order book for 2018 and has, since then, announced further contracts for MBG. Currently the Group's orders secured for 2018 stand at �8.8m, a record high for the Group at this point of the year. Of this amount, CAF's figure is �6.5m and MBG's secured orders are �2.3m.
Whilst CAF continues principally with its two substantial contracts for flooring at new City HQ office buildings it is also planning and negotiating other contract works for offices and data centres in London and also overseas.
MBG's workload continues to expand with further contracts including that won from its leading UK telecoms provider client and from a resurgence of specialist data centre construction work. It is currently in advanced negotiations on two contracts that have an aggregate value of �2.3m.