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Hyder sales boost profits

NEWS

HYDER INFRASTRUCTURE had to rely on a £18.6M contribution from the sale of stakes in two companies to maintain profit growth in 1998/99.

Hyder Infrastructure, which includes the utility's engineering consultancy business, saw profits grow from £21.4M last year to £24.5M.

But £15.3M of this profit came from the disposal of the group's stake in cable communications. A further £3.3M was contributed by the sale of a stake in Czech water company ScVK.

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