The collapse of the investment bubble in Dubai will not stop Carillion from increasing revenues from its Middle Eastern business, it said on Friday, as it looks forward to continued growth in construction revenues from Oman and Abu Dhabi, as well as from its core support services division.
The company anticipated that underlying earnings per share for the year ending in December would grow by 10 per cent, after selling off two key investments for £86.9m.
Shares in Carillion rose 1 per cent to 298.3p in early trading.
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