Inflation busting contract clauses help boost Costain profits

Costain enjoyed another jump in pre-tax profits during the start of this year as inflation recovery mechanisms built into its contracts offset the impact of rising prices.
Pre-tax profits during the six months to June 30 2022 hit £11.2m from £9.1m last time as turnover rose to £665.2m from £556.8m.
Tighter tendering and risk controls alongside inflation contract clauses paid-off for Costain as operating margins stayed steady at 2.1%.Alex Vaughan, Chief Executive Officer,s