Published on: April 23, 2020
Focused on government priority sectors
Construction and engineering services company nmcn delivered a 32% rise in underlying PBT for year to December but, as highlighted in its Covid-19 update of 14 April, it withdrew financial guidance and suspended its final dividend among measures to preserve its strong net cash and “emerge as a strong contender in its markets”. The company is working on projects equivalent to up to 70% of its normal workload. We are seeing increasing evidence of the Government’s commitment to restart construction sites as soon as possible, particularly in infrastructure and other core nmcn areas.