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Carillion pre-tax profit soars

Carillion grew pre-tax profit by almost a third last year.

The Wolverhampton-based construction giant today revealed that it made £142.6M profit before taxation in the year ending 31 December 2014.

This was up 29% from the previous 12 months. Revenue was flat over the same period at £4.1bn.

Carillion chairman Philip Green was positive about the future.

“In 2014, our markets remained challenging and we continued to be very selective in choosing the contracts for which we bid in order to maintain margin discipline, which continues to be a key element of our strategy,” he said.

“We expect the steady improvement in our markets that began in 2014 to continue in 2015, subject to a sustained macro-economic recovery. 

“We have also continued to strengthen the group’s position in growth markets, notably in support services through a further bolt-on acquisition in Canada. 

“Therefore, with strong cash flow, a high-quality order book, record revenue visibility and a growing pipeline of contract opportunities, we continue to believe the group is well-positioned to make progress over the medium term.” 

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