Driver benefits from international spread

Construction dispute and property services provider Driver Group (LON:DRV) maintained its profit in the second half of the year to September 2020 even though trading conditions were difficult. There was a mixed performance around the world, but costs are being adapted to the current levels of demand.

In the year to September 2020, underlying pre-tax profit declined from £3m to £2.5m on revenues 9% lower at £53.1m. Driver shed lower margin work as part of the strategy of new chief executive Mark Wheeler.

The higher margin Diales expert witness business continues to grow and there are add...

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.