Industry News
2009 record-breaking year for Costain March 10, 2010
International engineering and construction firm Costain bucked the trend by registering record-breaking annual revenue for the 12 months to December 31st 2009.
As announced in the group's preliminary results for last year, turnover grew to £1.1 billion from £996 million in 2008 - exceeding £1 billion for the first time in 16 years.
Furthermore, the company revealed that its profit from operations saw a 14 per cent boost up to £20.8 million, while its order book stood at £2.6 billion.
Its profit before tax was £18.1 million.
Commenting on the figures, chairman David Allvey said: "This was an excellent overall operational performance. Once again, the group has demonstrated its resilience in a difficult economic environment."
He added: "Costain is looking to the future with confidence."
The firm was established in its original form in 1865 by Richard Costain, a builder from the Isle of Man.
It was floated as a public company in 1933.
© Adfero Ltd
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