County Durham firm Hargreaves Services is hoping to reap a growing benefit from work on the HS2 project as it moves away from its former coal operations.
The Esh Winning firm has released a trading update in which interim results for the six months to the end of November show that revenues fell to £76.1m, having been at £92m for the same period a year earlier.
But the company’s profit before tax for the same period increased from £1.1m to £10.4m and net debt fell from £20.8m to £3m. The company has proposed an interim dividend of 2.8p a share, a slight increase on the amount paid out last year.
