好色先生TV

Costain鈥檚 order book has pushed over the 拢2.5bn mark, thanks to its major win on the 5-year 拢400m London Bridge station overhaul.

In its full-year results, the contractor revealed it has also amassed a 拢140m war chest to fund growth through acquisitions.

In the year ended 31 December 2011, turnover fell 4% to 拢986m, from just over 拢1bn in 2010.

Pre-tax profit also fell 20% from 拢27.9m in 2010 to 拢23.2m last year. But Costain operating profit, which does not take into account exceptional items, increased during the year to 38%.

Costain鈥檚 finance director Tony Bickerstaff said pre-tax profit dropped because the company enjoyed an exceptional windfall of 拢11.2m in 2010 from the transfer of PFI assets to its pension fund.

Chief executive Andrew Wylie said that the contractor was on course to double profit in the middle term and the firm boosted dividend payouts to shareholders by 8%.

Costain said it was targeting longer term and higher margin contracts and growth for its support services business 鈥� which now accounts for a quarter of its order book.

Wylie said:  鈥淲e are developing the skills, capabilities and service offering necessary to meet the changing needs of our major customers.

鈥淭hey are increasingly expecting Tier One suppliers to provide broad and bespoke solutions to their specific requirements by delivering an innovative service across engineering consultancy, construction, and operations and maintenance, through larger and longer-term bundled contracts.

鈥淭hese skills enable us to engineer solutions to meet some of the country鈥檚 most complex and pressing national needs.鈥�

Costain鈥檚 order book was 拢2.4bn in 2010.