Technology move pays dividends for Costain

By Hamish Champ2018-08-22T06:57:00

Contractor sees first half profit rise as it delves into high-tech markets

A shift towards providing technology-driven services is literally paying dividends for Costain’s shareholders, as the contractor announced an 8% hike in its interim payout on the back of a hefty first half profit rise.

The contractor said re-jigging its activities to exploit the development of technology among its client base had helped push its underlying operating profit up 8% to £23m in the six months to 30 June 2018, on turnover of £773m, down 11.6%.

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