May Gurney report strong half-year results

May Gurney, the infrastructure services firm, posted turnover of £239.1 million in the first half of this financial year, up from £231.6 million a year earlier. Pre-tax profit was up 21 per cent to £8.5 million.

It also has a record forward order book of £1.4 billion, along with potential contract extensions worth a further £0.9 billion.

Commenting on the results, Philip Fellowes-Prynne, chief executive said: "I am delighted that over the last six months May Gurney has achieved another period of record turnover and underlying profits, further strengthened its cash position, increased its forward order book to more than £1.4billion and won several significant new long-term contracts and extensions worth more than £500m."

"May Gurney's exceptional performance, in the context of the current economic climate, is a testament to our leading market position as a provider of essential services and the resilience of our business model and makes us confident of the Group's future prospects."He added