Morgan Sindall results hit new record

Morgan Sindall, which operates through four specialist divisions of fit out, construction, infrastructure services and affordable housing, has announced record results for the year ended 31 December 2006. Profit before tax has increased 14 per cent to £47.6 million (2005: £41.7 million) on revenue of £1.5 billion, up 15 per cent from £1.3 billion in 2005. Earnings per share grew by 11 per cent to 78.2p, with the total dividend increased by 12 per cent to 28p. The Group’s forward order book has increased to £3.3 billion.

"2006 has predominantly been driven by the excellent performance of both Fit Out and Affordable Housing,” says John Morgan, Morgan Sindall’s executive chairman. “At the same time we have had success at Construction and in building the order book in Infrastructure Services. We are confident that the foundations have been laid for 2007 to be another successful year.”