Costain confident on meeting investors’ expectations

Business Day

Simon Njoku

12 July 2008

 

Smarting from the huge success of its recent public offer, Costain West Africa plc is now focusing on fulfilling its promises to investors.

 

In view of its spectacular performance last year, and the huge volume of funds that accrued to it following the public offer, investors are no doubt looking forward to a highly improved turnover.

 

The construction giant is hoping to draw considerable revenue from various infrastructure projects, the contracts for which have been concluded with clients.

 

According to the company’s managing director, Philip Wharton, Costain has already commenced work on some of the contracts which would significantly improve its fortunes.

 

Real Sector Digest learnt that in addition to the jobs already signed on, Costain is banking on a number of other deals expected to yield considerable revenue to the company’s coffers.