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Scott Wilson's share price climbing steadily

Scott Wilson's share price was up 6p this morning, after the announcement of the group's annual results last week - it's first results announcement as a Stock Exchange listed company.
The share price was 215.75p up from 209.5p on Thursday and well up on the flotation price in March of 158p.Group revenues increased by 16.2% to £185.9M for the year end April 2006, from £160M last year. And profit before tax increased by 34.2% to £10.4M from £7.8M in 2005. The operating margin rose from 4.8% to 5.6%.'Order books are at record levels going forward,' said Scott Wilson chairman Geoff French. 'They are now at £214M, up from the £166M we quoted at flotation.'Recent contract wins include work on London Crossrail, the Edinburgh Airport Rail Link and Greek highway scheme Hellenic Autopistas. Staff numbers at 1 May were 4000, an increase of 400 people from the same time last year.The group's ambition is to deliver organic turnover growth of 10% a year and operating margins of 6%.Predictions for the shareprice in 12 months' time are for it to be between 250p and 258p, French said.Related links:Today's top stories

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