Costain swings to first-half profit - NewsBreak

Construction and engineering firm Costain has said it is on track to meet expectations as it swung to a profit and grew revenue in the first half of the year.The business said it expects to benefit over coming years from the Government's commitment to invest in the UK's infrastructure.It said pre-tax profit had hit £9.1 million in the six months to the end of June, up from a £92.3 million loss a year earlier.Revenue rose 21% to £556.8 million, the business said.Chief executive Alex Vaughan said: "We are pleased to report an improved level of profitability and a strong cash...