Profits rebound at Kier as margin rises to 3.9%

A strong performance at Kier’s infrastructure and construction division saw profits rebound despite ongoing inflationary pressures in the market.
Pre-tax profit in the year to 30 June soared to £52m, up from £16m previously, after revenue grew 7.5% to £3.4bn.
The improved performance, which saw group margin increase to 3.9%, prompted Kier to announce it would be resuming dividend payments to shareholders in the year ahead.Andrew Davies, chief executive, said: “The g