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Greenfield invests

FINANCE

GREENFIELD Construction is still trading in the red after the Alternative Investment Marketlisted house building subcontractor invested in back office functions and a new base.

The firm lost £5,000 before tax in the halfyear to September 2005 ? down from £33,000 a year ago ? as workload, including jobs from Bovis and Miller, edged up 8.5 per cent to £4.6 million.

Chairman Haresh Kanabar said: 'Over the past six months we have made considerable investment into ensuring that the company is able to handle the requirements of being an AIMquoted PLC while ensuring we are in a position to service our customers efficiently.' Greenfield, which has a £5.5 million order book, has also been recruiting surveying, contract management and finance staff.