好色先生TV

Infrastructure services provider May Gurney has announced a 4% increase in revenue in the six months to 30 September.

The firm reported revenue of 拢339m in the first half of 2012, up from 拢325m over the same period last year.

However, the firm鈥檚 underlying pre-tax profit before amortisation dived 拢13.4m to 拢1.1m in the first half of 2012. This was partly affected by a 拢10m charge the firm had previously announced in response to the closure of its facilities services business.

May Gurney issued and announced the departure of its chief executive Phillip Fellowes-Prynne.

Margaret Ford, chair of May Gurney, said: 鈥淲e continue to target resilient, maintenance-focused revenue streams for essential services by developing long-term relationships with our clients and local communities.

鈥淥ur strong commercial market positions are reflected by the fact that we have secured more than 拢314m of business in the first-half. Our forward order book has been maintained at 拢1.5bn, with a further 拢1.7bn in potential contract extensions, and our bidding pipeline stands at around 拢4bn.鈥�

Shares in May Gurney fell more than 40% on the news of the profit warning on 6 September, to just over 130p, wiping almost 拢66m off the value of the company.

In the profit warning last month, the firm said it had 鈥渙n-going difficulties鈥� within its Scottish Utilities business as Scotia Gas Networks (SGN) looked to use more in-house labour. The firm subsequently announced plans to shed up to 250 jobs in Scotland as it looks to down size its business north of the Border.

The firm also said it was experiencing 鈥渟ignificant exiting costs鈥� as it ran down its Facilities Services division and had set-aside a 拢10m one-off charge to cover the costs. The firm also said it was facing some serious operational issues within two long-term MaGos waste and recycling contracts, after failing to meet targeted margins.