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Hyder bucks economic woes with strong work pipeline

Consultant Hyder said today it has a strong pipeline of work despite the economic downturn, as it released a trading performance update in advance of its interim results.

Australia has been a strong market for the group, despite workflow delays in Queensland due to flooding in December and January, while opportunities in Qatar and Saudi Arabia were growing strongly.

The group also said that it had benefited from highway work in the UK, despite the government’s constraints on capital spending.

Hyder chairman Alan Thomas said that while the general economy gave the company “cause for caution,” its geographic and market spread would help its to continue to perform. Hyder’s half yearly results are due to be announced on 23 November.

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