Costain expecting lower turnover for 2018

By Hamish Champ2019-01-03T10:40:00

Pre-tax profit likely to be flat, but contractor says order book up to a record £4.2bn

Costain expects to turnover for 2018 to come in lower than the previous year, with pre-tax profit likely to be flat.

The contractor said it would meet its expectations for the year to the end of December 2018, with turnover likely to be £1.6bn, down around 7%, and a pre-tax profit of £49m.

Divisional operating margins are believed to be in the region of 4% to 5%.

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