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Construction services group, Interior Services Group (ISG) has reported in its interim results that its pre tax profit before goodwill is up from 拢3.6m in 2005 to 拢4.2m for the six months ended 31 December 2006.

As a result of these results, the interim dividend for shareholders has increased by 10% to 3.30p. The group also reported that fee income increased 35%, although operating cash flow was down to 拢4.6m compared to 拢5.2m in 2005.

In October 2006 the group acquired ISG Asia, a company it previously had a 22% stake in. The business employs 350 people and provides a range of services across eight cities. For the same six month period ISG Asia reported a turnover of 拢36m.

But the group also reported that the integration of its new build and refurbishment division, ISG Totty has taken longer than expected and this is reflected in the results. The cost of the exercise was 拢0.5m but a trading loss of 拢0.7m was incurred in the first half on top of this as the reorganisation took longer than anticipated.

Commenting on the results, David Lawther, chief executive of ISG said: 鈥淥ur core fit out markets remain very active in the banking and financial sector. Property owners are continuing to commit to major new office schemes. The pipeline for both large and mid-sized projects is good. We have won a number of significant new assignments including schemes for the new Eurostar Terminal, Standard Chartered Bank, Nomura, Scottish Widows and Ascot Racecourse.鈥�