Morgan Sindall has announced a 28% rise in its operating profit to £31.9 million in the first half of 2018.
Publishing it's half year results, the construction and regeneration group reported profit growth in the first half of this year with adjusted operating profit up 28% to £31.9m (HY 2017: £24.9m) on revenue of £1,423m (HY 2017: £1,307m), a 9% increase on the previous half year.
The Group reports an order book of £3,604m with adjusted earnings per share up 28% for the period to 55.6p (HY 2017: 43.6p). The interim dividend has been increased by 19% to 19.0p (HY 2017: 16.0p) with the Group confident of a strong performance for the second half of 2018.
Morgan Sundall Chief Executive, John Morgan, said: "I am pleased to report another strong set of results, which demonstrate the considerable operational and strategic progress made across the Group.
"Fit Out and Construction & Infrastructure have both continued to deliver margin and profit growth, which has been complemented by a good performance from Urban Regeneration. There remain a significant number of opportunities in regeneration and our strong balance sheet and cash position leave us well-placed to invest further in this key strategic area.
"Based upon its current trading patterns and order book visibility, the second half outlook for Fit Out is very positive and as a result of this, the Group is on track to deliver a result for the year which is slightly ahead of its previous expectations."
(MH)
Construction News
08/08/2018
Morgan Sindall Reports 28% Profit Increase


11/07/2025
Story Homes has submitted a full planning application to South Ribble Borough Council for a proposed new residential development in Longton, aiming to build on the success of its nearby Longton Grange scheme.
With the majority of homes now sold at Longton Grange, the developer is looking to meet co

11/07/2025
Essar Energy Transition (EET), through its subsidiary EET Property Limited, has completed the acquisition of Thornton Science Park.
The 66-acre site includes purpose-built laboratories, industrial facilities, and office space, and is set to play a central role in EET's ambition to create one of Eur

11/07/2025
Families are preparing to move into four newly completed houses for affordable rent at the Malthouse Meadows development in West Sompting, Adur.
The latest handover marks a key milestone in the delivery of high-quality, energy-efficient homes aimed at addressing local housing needs.
The four fami

11/07/2025
Galliford Try's project team at the Syngenta manufacturing site in Huddersfield has been shortlisted in two categories at the 2025 Constructing Excellence (CE) Yorkshire and Humber Awards, celebrating the success and resilience of a long-standing partnership spanning over two decades.
The team has

11/07/2025
Cambridgeshire County Council has appointed Morgan Sindall Construction to deliver a new secondary school at the heart of the Alconbury Weald development, continuing its investment in the region's educational infrastructure.
The new school, named Alconbury Weald Church Academy, will be run by the D

11/07/2025
Passengers and residents in Stone, Staffordshire, are being urged to prepare for a £7 million-plus package of railway upgrades set to improve safety, performance and long-term reliability on the West Coast Main Line.
The work, scheduled to take place during the summer school holidays, will include

11/07/2025
A ceremonial tile signing has marked a major milestone in the restoration of the historic Pippbrook House, as roof-level works near completion on the Grade II* listed building in Dorking.
Chair of Mole Valley District Council (MVDC), Councillor Roger Adams, led the event, joined by a host of guests

11/07/2025
ACS Construction Group has been appointed Principal Contractor by GE Vernova for a major infrastructure expansion at its Stafford HVDC Transformers facility, part of the company’s drive to support global decarbonisation through advanced transformer technology.
ACS commenced with the Test Supply Bui

10/07/2025
Vistry Group has agreed two major deals with housing provider Abri to enable the delivery of almost 200 affordable homes across Hampshire, marking a significant step forward in addressing local housing needs.
In Funtley, near Fareham, Vistry has completed a simultaneous land acquisition and forward

10/07/2025
Caddick Construction has officially completed its first Midlands project with the handover of Mansion House, a six-storey residential development comprising 58 new apartments, to joint venture partners Urban Splash and Places for People.
Located on the 43-acre Port Loop island alongside Birmingham