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Results round up

Miller. Miller's interim results published last week showed contracting turnover up from £137.9M during the first half of 1999 to £150.7M, but operating profits only increased from £665,000 to £891,000.

Group pretax profits, which include property development and housing, rose from £5.2M to £6M on turnover up from £206M to £247.6M in the first half of 2000.

Profit growth slowed because interest on borrowings increased from £1M to £4.1M.

Chief executive Keith Miller said he expected to pick up a steady stream of major tunnelling projects over the next 10 years.

Carillion. Exceptional losses of £26.3M from mechanical and electrical business Crown House Engineering pushed Carillion into the red during the first half of this year. Group turnover increased from £873.5M to £926.1M but the company reported a pretax loss of £9.3M compared with a first half pretax profit of £10.4M in 1999.

Carillion's capital projects division increased operating profits from £2.5M to £2.6M on turnover down from £238.7M to £232M.

Tilbury Douglas. Tilbury Douglas' construction services division increased operating profits from £3.5M to £4.3M during the first half of the year while construction turnover increased from £172M to £237M. The group blamed tighter margins on 'phasing of contract completions'.

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