Financial Services Industry
Industry: Email Alert RSS FeedNORTH MIDLAND CONSTRUCTION (NMD).
Investors Chronicle, April, 2007
North Midland is celebrating its 60th birthday with record sales and profits - and has a workload worth GBP140m being carried forward. So the 21 per cent jump in the dividend is now backed by a strong balance sheet and it seems that good results are likely this year, too.
The company has achieved this growth through its own efforts, rather than through acquisitions. And, even though profit figures aren't broken down by sector, it appears that 2006's star performer was the building division, which delivered "excellent results" on sales of GBP36m. It has a "burgeoning" workload for several blue-chip companies, having completed its largest ever contract - worth GBP27m - to build student accommodation in Lincoln on time and on budget. That success enabled it to...
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