HYDER CONSULTING (HYC).

Investors Chronicle, June, 2004

These are Hyder's first set of full-year figures since reversing into Firth Holdings in October 2002 and, with just five months' trading included in 2003's comparative numbers, it's worth looking at the pro-forma figures. On that basis, turnover grew 6 per cent, operating profits jumped 89 per cent, to GBP3.4m, and pre-tax profits increased 47 per cent.

One of Hyder's most pressing tasks has been to cut losses in Hong Kong. Another has been to build the order book. The good news is that operating losses in Hong Kong have indeed been cut and the operation there should be back in the black this year. The order books are up, too - from GBP158m to GBP168m (after a GBP10m currency penalty). In the UK, Hyder hopes to benefit from the latest round of water and...

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