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Hyder Consulting doubles dividend

Payment on some big Australian contracts helped Hyder Consulting (HYC) turn in a record first-half performance, and left the engineering consultant flush with cash to take advantage of its growing order book - up from £291m to £353m. Adjusted pre-tax profits were up 28 per cent to £12m in the period, and chief executive Ivor Catto says he is "bewildered" by the share price. "We feel we are very undervalued," says Mr Catto.

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By John Ficenec,
21 November 2012

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