Construction consultant Hyder Consulting (HYC) is delivering down under. Better-than-expected performance-related bonuses in Australia helped overall trading in the Asia Pacific region despite contract delays and small losses in China. Broker N+1 Brewin lifted its forecast for full-year adjusted pre-tax profit by £1m to £23.5m, giving EPS of 45.8p.
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Elsewhere, the performance was more mixed. In the Middle East, trading remains in line with plans and well ahead of the previous year, while the UK conditions continue to be 'challenging' and management now expects trading there to be behind target after the highways business was particularly weak.