Since its May update, Morgan Sindall has reported continued strong performance in its Overbury business, with full-year profits now expected to significantly surpass earlier forecasts. Reports Contract Journal
The construction arm is also outperforming, with operating margins projected to come in solidly between 3.0% and 3.5%.
Revenue growth in the construction division is likewise set to exceed previous expectations, further boosting profit projections.
Morgan Sindall confirmed that all other divisions remain on track, stating that the group’s pre-tax profits for the year will now “significantly exceed” original estimates.
The company is set to release its detailed half-year results on 29 July.
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