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UK construction best it has ever been, says Kier

Contractor Kier today claimed the UK construction market was in the best shape it had ever experienced, reporting a 61% increase in turnover for its construction arm.

For the year ended 30 June 2007 Kier Construction's revenue was £201.3M, up from £125.3M in 2006.

The Kier Group as a whole saw its revenue grow by 15.8% to £2.1bn, up from £1.8bn last year. Group pre-tax profit grew 31.3% from £59.1M in 2006 to £77.6M this year.

Kier chief executive John Dodds said: “The Group is in great shape. Our Construction order books are at record levels and our Construction businesses are experiencing very strong markets allowing us to be highly selective in the work we undertake."

Kier's civils framework contracts were given the credit for much of the firm's construction division's strong performance. In particular, its Network Rail five-year rail infrastructure framework for railway structures renewal in East Anglia and United Utilities five-year joint venture integrated alliance under the Asset Management Programme 4 were praised as strong performers.

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