Talbot Gateway firm aids parent company profits growth

Urban regeneration and property development company Muse Developments, which has developments at the Talbot Gateway in Blackpool, has contributed to half-year results, by parent company Morgan Sindall Group plc, the construction and regeneration group.

By The Newsroom

Published 14th Aug 2018, 09:45 BST

Updated 14th Aug 2018, 10:48 BST

Muse has worked on Blackpool's Talbot Gateway project

It delivered profit growth in the first half of this year with adjusted operating profit up 28 per cent to £31.9m (HY 2017: £24.9m) on revenue of £1,423m (HY 2017: £1,307m), a nine per cent increase on the previous half year.

The Group reports an order book of £3,604m with adjusted earnings per share up 28 per cent for the period to 55.6p (HY 2017: 43.6p).

The interim dividend has been increased by 19 per cent to 19.0p (HY 2017: 16.0p) with the Group confident of a strong performance for the second half of 2018.

For the first half of this year, Muse moved forward on 21 projects with a total value of £450m.

Blackpool