Costain sees chief future

Robert Lea & , : {}

The bang in propagandize and sanatorium building a whole is over and the destiny of polite engineering is nuclear, according to Costain, the engineering and building a whole group.

Andrew Wyllie, arch executive, pronounced that Costain had done a preference to dedicate to blue-chip clients, either they be in the public, in isolation or regulated sectors, as they generated 80 per cent of the business.

There would be a poignant rebate in the groups village division, he said. It is not to contend there will be 0 spending in health and preparation but there are improved opportunities elsewhere.

In Mr Wyllies view, the chief energy industry was one of those opportunities: We have a vital chief decommissioning stipulate at Sella-field, that is contracting 300 specialists. But the nation needs to set up 50 gigawatts of physical phenomenon plant over the subsequent couple of years and a lot of that will come from nuclear.

Related LinksCostain sees chief futureTerrorism fright over chief reactor pattern

Costain reported annual revenues for 2009 in additional of 1 billion, 66 million some-more than the 996 million completed a year earlier.

Operating distinction for the year was thirteen per cent improved at 20.8 million, but a fall-off in financial income meant that pre-tax gain were 5 million reduce at 18.1 million.

More importantly, 900 million of revenues for 2010 have already been cumulative and about dual thirds of Costains 2.6 billion sequence book goes by to 2011. The sum division payout is 10 per cent higher for the year at 0.825p per share.

hair wig