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Carillion results in line with expectations

23 August 2012

Construction and support services group Carillion has revealed half-year results broadly in line with its performance expectations.


Despite reduced revenues in the first half of the trading year, a result of "re-scaling of UK construction and the timing of projects awarded in the Middle East", the group has reported growth in underlying profit from operations.

Chairman Philip Rogerson commented: “Carillion delivered a robust first-half performance, in line with the board's expectations, despite market conditions remaining challenging.

"Given the strength of our business model, order book and pipeline of contract opportunities, we remain on track to deliver full-year results in line with expectations and to achieve our medium-term targets, namely to deliver growth in support services and to double our annual revenues in the Middle East and in Canada in the five-year period to 2015, in each case to around £1 billion.”