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InteriorExterior predicts jump in profits

InteriorExterior owner ISG expects profits in first half of the financial year to be well ahead of the same stage last year thanks to strong demand in all its markets.
Work volumes are expected to be 50 per cent higher than the first six months of 2004 at the Alternative investment Market-listed contractor, partly through the contribution from Propencity which ISG bought at the end of September for £12.5 million.

The company's total order book, including the newly acquired operations now stands at £770 million. Propencity has been part of the group for 11 weeks and is already trading ahead of expectations, the company said.

Propencity comprises Totty, Jackson Building and retail fit-out firm Dean & Bowes. Combined the group made a £600,000 operating loss in 2004 on turnover of £201 million.

Totty provided £92 million of that workload with Jackson turning over £71 million and Dean & Bowes the remainder.

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