Firm says figures will 鈥榓t least鈥� be in line with expectations

Keller has said trading in the first four months of the year is strong with profit and cash better than expected.

In a trading update, the firm, which is working on parts of the HS2 scheme in the Midlands, said it expected a full-year performance 鈥渁t least in line with expectations鈥�.

Turnover last year was 拢3bn with pre-tax profit coming in at 拢56m.

keller

Keller said trading had been strong in the first four months of the year

The firm said it was 鈥渞esolving the operational issues鈥� at its Austral division in which operating profit was exaggerated by around 拢18m over several years and saw two senior figures fired as a result.

Austral is a civil, mining and marine contractor that Keller said contributes around 3% of the firm鈥檚 revenue.

The ground engineer had flagged in January that it had been the victim of a 鈥渟ophisticated鈥� fraud at the division based in Australia.

Keller said 鈥渋ncreased momentum鈥� gave the firm 鈥済ood visibility and confidence through the remainder of the year鈥�.

It will release interim results on 1 August.

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