In an interim management statement covering the period from the start of the year until now, NMC said: вЂњThe economic climate remains very difficult, particularly for the construction sector.
вЂњHowever, the significant amount of framework contracts secured are still providing an adequate workload. 62% of projected revenue is already in place, but there is a requirement to win some contracts in the short term.вЂќ
Contracts for the construction of two new fire stations have been secured within the last month by North Midland Building.ADVERTISEMENT
All of the groupвЂ™s divisions and subsidiaries are currently trading profitably, although turnover and profit has been running at a lower level than for the comparable period last year.
NMC says that it is confident that the full-year forecast can be attained but not without cost as вЂњto achieve this forecast the group has had to reduce costsвЂќ and that has resulted in вЂњsome redundanciesвЂќ.