WOLVERHAMPTON-based support services company Carillion said today it expected operating profit to increase in the first half of the year.
In a trading update for the six months to the end of June 2011, ahead of its interim results next month, Carillion said the group continued to perform well with underlying earnings growing strongly.
It said group operating margin continued to increase with expected improved margins in support services and construction services.
Integration of Carillion Energy Services is progressing well, the plc says, with synergy cost savings now expected to increase from £9m to £15m per year by 2013, at a one-off cost of £20m.
It said its construction services was making good progress with re-scaling its UK construction capability, through basing activities around delivering integrated projects for long-term customers.
The firm expects this re-scaling to reduce UK revenue from £1.8bn in 2009 to around £1.2bn by the end of 2012.
