Turnover stays flat at civils specialist in six months to June

A strong first quarter helped keep civils specialist NMCN in the black for the first six months of this year with revenue staying broadly flat despite sites being shut down.

The firm, previously known as North Midland Construction, posted an improved pre-tax profit of 拢1.8m in the first three months of the year on turnover up 3.7% to 拢98m.

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The firm saw second quarter profits hit by covid

But the second quarter saw income slip 14% to 拢84m and the firm, which carries out two-thirds of its work in the water sector, turn in a 拢1m pre-tax loss.

It said all its sites were now back up and running and its order book for completion this year is around 拢350m compared to 拢356m the previous year.

Pre-tax profit for the six months to June was 拢800,000, a fall of 77% on the 拢3.5m it posted last time, with turnover staying flat at 拢182m.

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