British support services firm Carillion said it was on track for an increase in revenue after it posted a strong first half, boosted by contracts won in 2014 and orders secured this year.

Carillion, which has won about £15 billion (€20 billion) of work in the past three years, said it expected to win a number of contracts in the second half and meet analysts’ forecasts for full-year pretax profit of £175 million. Its optimism contrasts with rival Balfour Beatty, which posted an underlying loss of £135 million in its first half. Carillion abandoned a £3 billion merger with Balfour a year ago.

Carillion, which maintains railways, roads and military bases in Britain, said first-half group revenue rose 21 per cent to £2.3 billion for the period ended June 30th from 1.9 billion pounds a year earlier.

– (Reuters)