Thursday, 19 January 2017

Van Elle profit dips after Stock Market listing

Pre-tax profits at ground engineering specialist Van Elle fell from £5.2m to £3.2m in the first half of the year, after Stock Market flotation costs and a fall in profit at the specialist railway business.

Jon Fenton, chief executive, predicted the firm’s performance would improve in the second half as the specialist piling division expected to confirm several significant contracts shortly.

Revenue in the six months to 31 October 2016 increased by 7.6% to £43.1m.



from Construction Enquirer http://www.constructionenquirer.com/2017/01/19/van-elle-profit-dips-after-stock-market-listing/

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