Analysts upgrade 2021 profit forecasts after Morgan Sindall says interim numbers will hit record

By Dave Rogers2021-07-22T08:03:00

Booming contractor now expected to post full year profit of more than £120m

Analysts are again upgrading full year profit forecasts at Morgan Sindall after the firm’s second unscheduled trading update in three months said it would hit a record pre-tax profit in the first half.

The firm, which is expected to see annual profit top £100m for the first time in its 44-year history, said pre-tax profit for the six months to June would be around £53m – an increase of 46% on the £36.3m pre-pandemic figure it posted for the same period in 2019.

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