Renamed North Midland sees first-half prof it jump

摘要

Renamed North Midland Construction saw first half prof it jump one-third on the back of a double-digit rise in revenue. North Midland changed its name to NMCN last year and said in the six months to June pre-tax profit was up 38% to £3.5m, with turnover rising by 14%to£184m. Chief executive John Homer said: "For the remainder of 2019 and into 2020, the outlook is looking strong." The firm said its telecoms arm returned to the black with a £500,000 operating profit after the division was caught up in last year's collapse of Carillion. It previously said it was owed money by Carillion for its work with Carillion Telent, the joint venture company carrying out upgrades to the country's internet infrastructure for Openreach.