Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Kier reports strong performance

10 March 2014
 

Kier Group PLC interim results for the six months ended 31 December 2013 show revenue increased 47% to £1.4bn (2012: £1.0bn), and operating profit by 96% to £44.4m (2012: £22.7m). The results for the construction, services and property group reflected its acquisition of May Gurney in July 2013 but if this is factored out the revenue and operating profit increases were 12% and 34% respectively. The acquisition increased group net debt to £138m (2012: net cash...

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