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Carillion reveals revenue rise

Construction giant Carillion has declared a “significant” hike in revenue in the first six months of this year.

The Wolverhampton-headquartered contractor told the City this morning that it would deliver increased takings for the six months to 30 June 2015 when it formally announces its interim results in August.

It said it expected to have 96% of forecast 2015 revenue secured or “probable” at the halfway mark. Carillion added that it expected to have £40bn of contract opportunities.

“Given our strong order book and pipeline and the outlook for increasing investment in infrastructure, notably in the UK transport, defence, health and education sectors, we continue to target full-year revenue growth in UK construction,” said the firm in a statement. “We expect this growth to offset a further reduction in revenue in Canada.”  

It addded that its overall expectations for 2015 remained unchanged.

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