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nmcn sees significant growth in half-year results

nmcn has seen revenue grow by 14.1 per cent in its results for the six months ending 30 June 2019.

The contractor, previously known as North Midland Construction and Nomenca, reported revenue of £184 million for the half-year period, up from £161 million a year earlier, while profit before tax rose 38.4 per cent to £3.5 million.  

Cash generation, meanwhile, grew 36.5 per cent from £18.9 million to £25.8 million, while the company also reported a 17.5 per cent increase in revenue in its work in the water sector, up from £112 million to £132 million. 

These results demonstrate the continued progress made in the business against our strategic objectives,” nmcn chief executive John Homer said. “Our focus on profit improvement and cash generation continues to show returns.  

“We continue to invest significantly in the development of our people and the evolution of our employer brand. It is our firm belief that our people are the overarching differentiator in the service that we provide and the primary driver for our continued success.  

“The outlook for future trading remains positive and provides the opportunity to maximise earnings from our operations. We are confident that the Board’s expectations will be achieved, with net margins slightly exceeding 2 per cent.” 

nmcn has secured framework awards from Severn Trent, South West Water and South Staffs Water ahead of AMP7. 

Author: Robin Hackett, editor, WWT
Topic: Contractors
Tags: nmcn , Contractor

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