Edition:
India

Morgan Sindall forecasts higher FY performance


Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - MORGAN SINDALL GROUP PLC ::‍TRADING IN SECOND HALF OF YEAR HAS CONTINUED TO BE STRONG.‍ON TRACK TO DELIVER A FULL YEAR PERFORMANCE SLIGHTLY AHEAD OF ITS PREVIOUS EXPECTATIONS​.‍EXPECTS THAT ITS AVERAGE DAILY NET CASH FOR FULL YEAR WILL BE IN EXCESS OF £100M, AHEAD OF PREVIOUS GUIDANCE OF NOT LESS THAN £75M​.COMMITTED ORDER BOOK AS AT 30 SEPTEMBER 2017 WAS £3.8BN, UP 5 PCT FROM YEAR END POSITION​.‍REGENERATION & DEVELOPMENT PIPELINE OF £3.3BN WAS UP 2 PCT FROM YEAR END​.‍PROPERTY SERVICES IS PROPOSING TO EXIT ITS LEGACY INSURANCE SERVICES BUSINESS.‍PROPERTY SERVICES INSURANCE EXIT, COST OF STREAMLINING CONTRACT PORTFOLIO WILL IMPACT ITS OPERATING RESULT WITH FY LOSS OF C£1M EXPECTED​. 

Company Quote

1270.0
34.0 +2.75%
4:35pm IST