Construction business Miller Group reported “good progress” in the first half of the year with higher revenue and a bigger order book.
The group, which has interests in housebuilding, general construction, property development and mining, lifted interim profits before tax and one-off items to £14.2m – up by 51% on the figure of £9.4m for the same time last year. Revenues rose by 27% to £361.5 from £284.1m last time.
The housebuilding arm, which is currently building hundreds of new properties at Weatherhill Road, Lindley, completed 819 units in the first half, which is in line with last year’s 820. Sales have accelerated since the half year, resulting in 92% of target sales being secured for 2013. Housing operating profit increased by 50% to £6.6m.
Construction revenue rose by 70% to £193m against £113m last time while the order book was £1.8bn – an 18% increase on 2012. Property developments posted a 15% rise in operating profits to £6.9m. although mining saw a dip in both revenues and profits.
Chief executive Keith Miller said: “The group made good progress during the first half of 2013 with increased profits, a longer land bank, strengthened order books and reduced debt.”