Amey predicts that sterling will help make 2009 a ‘record-breaking year’

Author: Mark Leftly

Mel Ewell, Amey’s chief executive, said profit had declined though the pound’s weakness against the euro. But the pound’s relative strength in 2009 would boost results this year while at least £200m had been secured in recent contract wins. Amey was awarded a £2.7bn contract last week to maintain Birmingham’s roads, one of several reasons, he said, why 2009 will be a “record-breaking year”.

Amey’s Tube Services which manages its investment in Tube Lines, responsible for maintaining and renovating three of London Underground’s lines, had a revenue of £548.8m and an operating profit of £38.4m in 2008.

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