Fencing group posts pre-tax profit of €2.6m

THE Dublin and London-listed fencing and scaffolding group, Siteserv, made pre-tax profits of €2.6 million for the six months to the end of October.

These are the group’s first results since its debut on Dublin’s IEX market and London’s AIM. Total sales reached €16.3m, with €13.2m from Donohoe Scaffolding, another acquisition completed in June 2006.

Revenues from businesses rose 26% and the underlying operating profits were up by 22% to €4.2m.