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Costain says forward order book up 19%

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Date: Thursday 08 May 2008

LONDON (ShareCast) - Construction group Costain has continued to perform in line with expectations in the first quarter and has increased its forward looking order book by 19%.

Costain's forward order book has increased to £1.9bn, while the group's preferred bidder position has grown to in excess of £1bn.

The oil, gas and process division is continuing to perform well in very good market conditions, though conditions in Spain remain ‘challenging’.

“The board expects further progress during the current year in line with its expectations,” said the group.

“The group's order book is in good shape and with robust finances, a strong cash position and rigorous cost management, Costain is in a strong position to capitalise on the many available opportunities,” it added.

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