EVE GROUP'S electrical engineering and utility contracting divisions have bounced back into the black, doubling overall pre-tax profits to £1.54 million in the six months to September 30.
Tighter financial controls after a big management restructure lay behind the sharp rise in profitability on a turnover slightly lower at £44 million.
Graham Foster, chief executive, said: 'The outlook is now exceedingly good. All divisions are making money and there is a good level of orders.'
Sales at the profitable temporary road surfacing division, Eve Trackway, rose 20 per cent in the UK and doubled in France.
M&E specialist Eve Graham returned to profit on a lower turnover after changing its strategy to concentrate on contracts worth in the region of £5 million to £6 million, about half the size of recent years. It has also reached agreement of final accounts on several old contracts.
Utility contractor Eve Claydon renewed a big term contract with Eastern Electricity and is invest-ing in plant and staff development to support major infrastructure work planned by the electricity company.
Eve Construction is gradually increasing its workload in the Lon-don area, although it warned that margins were still very tight and a strict selective tendering procedure is in place.