Barhale Group reports £2M+ half-year profit21st May 2021
We are pleased to publish our half-year figures showing that the business has continued to strengthen its financial position.
In the six months to 31 December 2020, we posted an operating profit of £2.1m. Although revenues (£57.6m) declined slightly on the previous six months’ period (£65.5m), alongside the growth in profitability, we recorded an increase in net assets of £1.6m to £2.76m.
Looking ahead Barhale is in a strong position. We have secured a record number of long-term water industry framework contracts. We have also won enabling contracts for HS2, Fusion and the North London Heat and Power Project. In Scotland we have secured work with ESD on behalf of Scottish Water, Edinburgh and Glasgow Councils and in the Midlands with Sandwell Metropolitan Council, WPD and Doosan Enpure Ltd.
To see the full interim statement, please click here