The first half of 2019 has been another strong period for nmcn with a 14.1% revenue increase compared with H1 2018 – taking it to £183.9m for the six months to 30 June 2019.
The national construction and infrastructure company’s interim results statement for the first six months of the 2019 financial year has also seen a 38.4% pre-tax profit increase to £3.5m, up from £2.5m in the same period last year. In addition, cash balances have improved 36.5% to £25.8m.
The outlook for the remainder of 2019 and into 2020 is also looking positive with a secured order book for completion in 2019 of £356m likely to outperform the board’s positive expectation.
John Homer chief executive officer at nmcn said:
“The first half of 2019 has been one of continued growth for the business across all sectors. We’ve seen significant increases across both revenue and operating profit along with a strong increase in our cash balances compared with the first half of last year.
“For the remainder of 2019 and into 2020 the outlook is also looking strong as we start work on several major contract wins. Amongst these is the first scheme to come from our place on the Highways England Regional Development Partnership – a £28m scheme for junction improvements to the M621, due to start in 2020 following the completion of the design stage later this year.”
nmcn’s water business unit is continuing to perform strongly with a 17.5% half year revenue increase to £132.1m and a 14.2% operating profit increase to £3.0m in the first six months of 2019.
John Homer added:
“The board has been encouraged by the positive performance in the first half of the year and optimistic about the outlook for the second part of the year and beyond. Our forward order book is strong and we continue to invest in our people and our infrastructure for the future.”
“Outside of the financial performance, the first half of 2019 has also seen us further embed the new united nmcn brand across the business and with our external stakeholders. Earlier this year we launched our ‘Positive Impact Plan 2025’, which outlines our commitment to people, our communities, our supply chain and our environment.”
As a national contractor nmcn, in partnership with customers, delivers major built environment and critical national infrastructure projects across the UK – from buildings and highways to large-scale water networks and treatment plants.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.