StockMarketWire.com - Construction company Northern Bear reported a 22% fall in first-half profit owing to contracting delays, though it said its performance had picked up in the second quarter.

Pre-tax profit for the six months through September fell to £1.23m, down from £1.59m on-year.

Revenue reversed 2.5% to £27.8m.

'Following a frustratingly slow first financial quarter to 30 June, resulting from contract delays, we have experienced a much stronger second quarter to 30 September, with excellent results across the group having been achieved since July,' executive chairman Steve Roberts said.

'The group continues to hold a significant order book, and we consider the outlook for the second half of the current financial year to be positive.'

'Accordingly, I am hopeful of reporting another strong set of full year results.'




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