Mears Group first half profit falls, new contracts boost order book
Share:
(Reuters) - Profit at Britain's Mears Group declined in the first half of the year as it scaled back its home development business, although its order book remained strong thanks to a government contract win and contributions from acquisitions.The company, which provides support services to the social housing and care sectors in Britain, said adjusted pretax profit for the six months ended June 30 fell 10% to 17.1 million pounds. Revenue rose 10% to 480.8 million pounds.Mears had acquired..