Underlying pre tax profits at construction firm Kier have soared by 45% to £125m for the year to June 30th.
The company which is headquartered in Bedfordshire have seen revenues grow by 26% and this marks quite a turnaround from the previous year, where one off expenses and accusations hit profits.
The company currently has an order book worth £8.7billion, and part of the success can be attributed to the acquisition and integration of Mouchel, an infrastructure services business Kier bought last year for £265m.
Revenue, including that gained from joint ventures with other construction firms grew from £3.4bn to £4.2bn. Earnings per share in the group grew by 11 per cent to 106.7p, and this has led the Kier board to propose an increase in its final dividend by 17 per cent to 64.5p per share.