StockMarketWire.com - Morgan Sindall has swung to a reported FY pretax loss of GBP14.8m, from a prior-year profit of GBP22.8m. total dividend was up 7% to 29p a share, from 27p. Revenue gained 7% to GBP2.3bn, from GBP2.2bn.

"We are pleased with the year end result which is evidence of the strategic and operational progress made across the Group during the year and this, together with a positive outlook going into 2016, has enabled us to raise the final dividend," said CEO John Morgan.

"Looking ahead to 2016, the positive momentum across the Group is expected to continue.

"A strong level of performance from Fit Out is anticipated, together with further strategic progress in Urban Regeneration and profit growth in Affordable Housing, driven by its mixed-tenure regeneration activities.

"With a further steady recovery in the performance of Construction & Infrastructure also expected, the Group is in a strong position to deliver on its expectations."






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