Construction News

17/11/2017

Kier On Target To Deliver Double-Digit Profit Growth

Kier has revealed it is on target to deliver double-digit profit growth for this year.

In a trading update, the company revealed its development pipeline remains in excess of £1.4 billion with good progress being made in its Property, Residential, Construction and Services divisions.

In Construction, the group said it was pleased to be awarded the maximum number of places on the Education and Skills Funding Agency's latest £8bn four-year construction framework, "reinforcing the Group's position as a leading provider in the education sector".

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In addition, the Services division secured a new seven-year highways maintenance contract with Shropshire County Council, worth £147m, "complementing the Group's existing presence in the region".

"Our Highways England programme of works remains on track following the publication of the Highways England road improvement programme," the Group said, adding that it "remains on course to deliver double-digit profit growth in the current year and achieve its Vision 2020 targets."

(LM/JP)

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