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Commercial Property News
Carillion full-year profit rises
Underlying pre-tax profit at Carillion rose 16% last year, boosted by a strong performance by its support services division.
The company, which oversees construction and development in the commercial property sector and also offers a range of other support services, saw the figure climb to £182.2 million in the 12 months to December 31st 2009.
Total revenue was up 4% to £5.4 billion over the period, with the sale of four public-private partnership investments generating over £100 million.
It described its work in the construction services sector as satisfactory, noting that this area contributed 13% to total underlying profit.
Chairman Philip Rogerson said he was "delighted" with Carillion's performance in 2009 given the state of the economy.
"In view of the wider economic environment, we expect market conditions to remain challenging in 2010," he added.
The firm provides services relating to retail, office and mixed-use developments in the business property sector and counts Asda, Morrisons and Deutsche Bank as some of its clients.
The company, which oversees construction and development in the commercial property sector and also offers a range of other support services, saw the figure climb to £182.2 million in the 12 months to December 31st 2009.
Total revenue was up 4% to £5.4 billion over the period, with the sale of four public-private partnership investments generating over £100 million.
It described its work in the construction services sector as satisfactory, noting that this area contributed 13% to total underlying profit.
Chairman Philip Rogerson said he was "delighted" with Carillion's performance in 2009 given the state of the economy.
"In view of the wider economic environment, we expect market conditions to remain challenging in 2010," he added.
The firm provides services relating to retail, office and mixed-use developments in the business property sector and counts Asda, Morrisons and Deutsche Bank as some of its clients.
Wed, 3rd Mar 2010