Mountfield Group plc Contract increased to £2.5m from £1m (3781Q)
October 14 2013 - 2:00AM
UK Regulatory
TIDMMOGP
RNS Number : 3781Q
Mountfield Group plc
14 October 2013
Mountfield Group plc (the "Group")
Contract increased to GBP2.5m from GBP1m for Mountfield Group
Plc
The Directors are pleased to announce that the Group has been
successful in receiving purchase orders for two significant new
pieces of work.
The contract to undertake refurbishment and fit-out works at an
iconic Aldwych office building, that was announced on 7 June 2013
as having a value of around GBP1m, has been considerably extended
both in terms of scope of works and value. The value of the works
being undertaken by Mountfield Building Group Limited at the site
currently amounts to GBP2.1m and is expected to increase beyond
that figure over the coming months.
In addition, Connaught Access Flooring Limited has been received
a new order on the same project for the supply and installation of
raised access flooring (to be completed in 2013) with a value of
circa GBP400,000.
Group CEO, Graham Read commented:
"We are very encouraged by the continued growth in scope and
value of our works at this site and also by the way in which our
divisions are working together to ensure that the Group gains a
substantial amount of work from the refurbishment and fit-out on
this prestigious project.
"This new business not only re-inforces the confidence of the
Board in meeting market profit expectations for the current year
ending 31 December, but also provides further under pinning of the
Group's performance in 2014."
Contacts:
Mountfield Group Plc
Graham Read, Chief Executive Officer 01268 561 516
WH Ireland Limited (Nominated adviser)
Chris Fielding, Head of Corporate Finance 020 7220 1650
James Bavister, Corporate Finance Executive
This information is provided by RNS
The company news service from the London Stock Exchange
END
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