Hercules has revealed record revenues and increased pre-tax profit in the first half of the year.<\/p>\n
Chief executive Brusk Korkmaz said the 18% increase in revenues, to \u00a354.6m, were “demonstrating clear evidence of our progress”. Adjusted earnings were up 24% to \u00a32.6m in the six months to March.<\/p>\n
Hercules, which shortened its name from Hercules Site Services last month, provides labour for the UK infrastructure and construction sectors.<\/p>\n
The Gloucestershire-based group highlighted the committed spend of up to \u00a3750bn over the next decade in the infrastructure sector as it reaffirmed guidance for the rest of the year.<\/p>\n
Korkmaz said: “During the period, we increased our supply of skilled operatives across key infrastructure projects, such as Sizewell C, while securing new labour supply frameworks that will support our long-term growth.<\/p>\n
“With solid operational momentum, a healthy pipeline, and a positive outlook across the infrastructure sector, we remain confident in meeting market expectations for the full year.”<\/p>\n
In June, successfully completed the acquisition of the business and assets of Quality Transport Training Ltd (QTT)<\/p>\n