A9 dualling helps construction group to 18% rise in revenue

Breedon , the construction materials and quarrying group involved in dualling the A9, reports a 18% rise in revenue for the half year to £447.4 million. The company said: Our operations in Scotland faced subdued market conditions, coupled with the completion of several large publicly funded projects which have so far not been replaced. However, we maintained our market-leading position, winning a healthy proportion of the available work and continuing to provide innovative solutions to our customers.  We were particularly pleased to be awarded a major supply and lay contract on the next phase of the A9 dualling programme which will commence in the second half of this year. EBIT was £49.5 million, 18% ahead of 2018 when it was £42 million, said its unaudited interim results for the six months ended 30 June 2019. The company has net assets of £805.9 million, compared to £773.3 million at 31 December 2018.