7:32am
Support services company Kier Group said it made a good start to the new financial year.
Kier said first quarter trading was in-line with expectations and cash balances at healthy levels. The construction division made an encouraging start to the new financial year, benefitting from strong, high quality order books which are generating healthy margins and cash balances, Kier said.
In Support Services the group said it has good long-term visibility of revenues through the Building Maintenance division. The £600m contract for North Tyneside Council started well in September and will last for 10...
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7:32am
Satellite communications specialist Inmarsat said today revenue was up 8.7% to $176.7m in the third quarter ended September (2008: $162.5m), with EBITDA up 18.4% to $133m (2008: $112.3m) and profit after tax up 33.5% to $50.2m (2008: $37.6m).
Free cash flow was up 90.6% to $102.9m (2008: $54.0m).
Inmarsat said its $500m Senior Credit Facility refinancing has been completed
Andrew Sukawaty, Inmarsat's Chairman and CEO said, "These third quarter results show that we are continuing to achieve growth in all our MSS markets despite the economic downturn. In addition, our cost...
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7:17am
Story provided by Business Financial Newswire...
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7:17am
Story provided by Business Financial Newswire...
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7:17am
Support services company Kier Group said made a good start to the new financial year.
Kier said first quarter trading was in-line with expectations and cash balances at healthy levels. The construction division made an encouraging start to the new financial year, benefitting from strong, high quality order books which are generating healthy margins and cash balances, Kier said.
In Support Services the group said it has good long-term visibility of revenues through the Building Maintenance division. The £600m contract for North Tyneside Council started well in September and will last for 10 years...
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7:17am
Industrial safety firm Latchways said pretax profit fell 26% to £3.6m in the half-year to end-September.
In the half-year to end-September, group revenues were 14% lower at £16.6m (2008: £19.3m) and profit before tax 26% lower at £3.6m (2008: £4.9m)
Diluted earnings per share were 24% lower at 22.82p (2008: 30.1p).
The interim dividend was maintained at 7.81p.
The company reported strong cash generation, with a cash balance of £6.2m at period end (2008: £3.8 million).
Latchways said the trading environment was significantly tougher due...
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