Half Year 2020 Costain Group PLC Earnings Call Transcript
Good morning, everyone. I'm Alex Vaughan, Chief Executive of Costain, and thank you for taking the time to join this presentation and Q&A session this morning.
Tony Bickerstaff, our CFO, will be presenting the financial performance for the first half of the year as part of this presentation.
We are encouraged to have all of our contracts now operational, working safely and to have delivered profitable operations in the first half of the year. Clearly, we are disappointed that our results have been impacted by charges in respect of the A465 arbitration decision and the required accounting treatment for the Peterborough and Huntingdon contract.
I will shortly share the decisive actions I've taken to ensure we don't have these issues moving forward.
Following our capital raise earlier this year, we have a strong balance sheet with over GBP 140 million worth of net cash, which has helped us secure over GBP 2 billion of contracts and framework positions in the first half,
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