Contractor reports 拢21.3m interim profit after strong performance in affordable housing and fit-out divisions

Contractor Morgan Sindall has achieved record interim results, driven by strong performances in fit out and affordable housing.

Morgan Sindall reported a pre-tax profit of 拢21.3m for the six months to 30 June 2006 compared with 拢18.2m in the same period last year, a rise of 17%. Turnover rose 9% to 拢674m across the same period.

The results were boosted by record profits of 拢10.2m in the group鈥檚 affordable housing division, and profit growth of 29% in the fit-out division - where profits also weighed in at 拢10.2m. Both divisions also achieved strong margin improvements.

John Morgan, executive chairman, said: 鈥淭he group鈥檚 order book stands at a record 拢3.4bn and all the market sectors in which we operate are attractive at present. This offers exciting opportunities and provides a positive outlook for the group.鈥�