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Driver Group

  • BY: Andrew Hore |
  • POSTED: 20/02/2012 |

Construction consultancy Driver Group says that its full year profit will be better than expected. 

The improvement in trading has continued into the second quarter. The benefits of restructuring in the Middle East have come through faster than anticipated. All the operations are performing towards the top end of expectations. This comes one month after Driver reported a strong recovery in the year to September 2011.

Revenues had been expected to improve to 19.5m in the year to September 2012 and profit was forecast to double to 1.1m. The shares are trading on around 12 times that estimate.

At 38.25p a share, up 4.25p, Driver is valued at 10.1m.

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