Kier halves debt to £115m after strong trading year

Kier has delivered a strong year of trading and finally turned a corner on its historic debt burden
In a year-end trading statement this morning chief executive Andrew Davies said average month-end debt had been slashed to £115m from £234m a year ago.
Davies said progress on eradicating the contractor’s debts was ahead of expectations after a strong operational performance.
Kier also ended the financial year to June with an order book ahead by 7% at £10.8m.
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