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Strong period for nmcn

Posted onPosted on 12th Aug

The first half of 2019 was another strong period for Huthwaite-based nmcn with a 14.1% revenue increase compared with H1 2018 — taking it to £183.9m for the six months to 30th June.

The national construction and infrastructure company’s interim results statement for the first six months of the 2019 financial year has also seen a 38.4% pre-tax profit increase to £3.5m, up from £2.5m in the same period last year. In addition, cash balances have improved 36.5% to £25.8m.

The outlook for the remainder of 2019 and into 2020 is also looking positive with a secured order book for completion in 2019 of £356m likely to outperform the board’s positive expectation.

John Homer, chief executive officer at nmcn, said: “The first half of 2019 has been one of continued growth for the business across all sectors.

“We’ve seen significant increases across both revenue and operating profit along with a strong increase in our cash balances compared with the first half of last year. The remainder of 2019 and into 2020 is also looking strong.”