30.7 C
Kuala Lumpur
Friday, September 22, 2023
HomeNewsKeller profits up 70%

Keller profits up 70%

Date:

Related stories

Additional packages for affordable homes are optional and not a must

Buyers of the state government’s affordable housing schemes, particularly...

Building a Brighter Future: Recommended Construction Technology Reads

Building a Brighter Future: Recommended Construction Technology Reads In today's...

Tech Up your Construction Skills with these Insightful Books

Tech Up your Construction Skills with these Insightful Books Construction...

Revolutionizing Industries: How Engineering is Transforming the World

Revolutionizing Industries: How Engineering is Transforming the World Introduction: Engineering plays...

From Tools to Tech: Exploring the Latest Construction Technology Books

From Tools to Tech: Exploring the Latest Construction Technology...

In the six months to 30th June 2023 Keller grow revenue by 10% to £1,466m (2022 H1: £1,333m).

Pre-tax profit was up 70% to £43.1m (2022 H1: £25.4m).

Growth was attributed to a strong showing from North America Foundations, as well as from Keller Australia and the NEOM project in Saudi Arabia.

In Europe, despite an increase in revenue, profitability was impacted by softer demand and a more competitive pricing environment.

Chief executive Michael Speakman said: “Keller delivered a record performance in the first half, largely driven by management actions to drive performance in our North American Foundations business and strong profitability at Suncoast, together with a number of large projects. Accordingly, performance will be more evenly weighted between the first and second half of the year. The continued momentum in the business, together with our strong order book underpins the Board’s confidence in the full year expectations which remain unchanged. The underlying strength of the Group’s performance provides confidence in our longer-term prospects and is reflected in the Board’s decision to increase the interim dividend by 5% for the first half, continuing our 29-year track record of maintained or improved dividend payments.”

Got a story? Email news@theconstructionindex.co.uk

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here