Published on: August 7, 2020

Dividends return amid improving confidence

Construction and engineering services company nmcn’s decision to reinstate dividends demonstrates, in our view, the Group’s confidence in prospects following a largely promising first half, which was disrupted by Covid and operational challenges on the completion of a major infrastructure scheme. We are reintroducing estimates that assume a return to revenue growth and margin recovery, fuelled by the PM’s pledge to “build, build, build” across several of nmcn’s core infrastructure and building sectors.

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