SGB ups profits

Wednesday 09 September 1998 23:02 BST

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SERVICES GROUP SGB, which was floated in June last year, increased profits before tax by 30 per cent to pounds 8.6m in the first half of 1998 on a turnover of pounds 134.7m, an increase of just 2 per cent. Capital expenditure rose by 60 per cent to pounds 13m.

The UK, North America and Middle East are expected to continue to provide a demand for quality work and the board is confident that prospects are good. An interim dividend of 2.9p is being paid for the first time.

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