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HBG.Hollandsche Beton Groep, which owns Edmund Nuttall and Kyle Stewart in the UK as well as having UK dredging interests, turned in increased pre-tax profits in the first half.

It made £16.5 million against £14.6 million in the first half of 1991, on a turnover 9 per cent up at £787 million.HBG says that both Nuttall and Kyle Stewart were in the black, and performed 'relatively well' in the UK market.Most of the increase in turnover came from dredging and from the German Raulf company, which HGB bought last year, and markets in the Far East were particularly good.

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