Aecon enjoys record backlog

06 August 2008

Canadian contractor Aecon's order backlog stood at a record CA$ 1.48 billion (US$ 1.42 billion) at the end of June, +22% up on the figure of CA$ 1,21 billion (US$ 1.16 billion) a year previously. The company had revenues of CA$ 740 million (US$ 710 million) for the first half of the year, a +28% rise on 2007 and its operating profit was up +47% to CA$ 37.4 million (US$ 35.9 million).

Aecon said the rise in revenues was due to stronger performances in its Buildings, Industrial and Concessions segments, which offset a decline from its Infrastructure business. Commenting on the results, chairman and CEO John beck said, "Aecon's outlook has never been stronger. The record results achieved in the second quarter continue the upward momentum that Aecon has established over the last two years.

President and CFO Scott Balfour added, "The ongoing strength of Aecon's core markets, especially in the energy and transportation sectors in Canada, bode well for continued strong financial performance, and out record backlog is a strong positive signal that the best is yet to come from Aecon."

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Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]