Strong First Half For Jarvis

摘要

Announcing interim results for the period to October 10 2008 on November 27, Jarvis plc reported turnover at its Rail business up at €152.1m from ￡75.3m the year before, 'primarily due to the high levels of activity on West Coast contracts'. Operating profit was up at ￡10.2m from ￡5.2m.rnRail's strong performance was based on the continuation of 'the increased volume and visibility of work experienced across the business in the second half of the previous financial year'. The Network Rail track renewals workload increased following the successful integration of the East Midlands territory into the London North Eastern Integrated Management Team. Extended until April 2010, the LNE 1MT contract is worth an estimated ￡90m.