Siteserv profits jump by double

SITESERV, the building industry services firm, made a pre-tax profit of €12.2 million in the 12 months to the end of April. That figure was up from €5.3m the previous year.

The Dublin-listed maker of fencing, scaffolding and motorway barriers said the performance in the year, which was one of diversification for the group, was strong.

Yesterday Siteserv climbed six cents, or 29%, to 27c, the steepest gain since November 2006, when it first sold shares at 55c apiece.