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Mears’ profit jumps to £42m

Mears Group’s profit before tax reached £42m in the year ending 31 December 2014, up 7% on the same period in 2013.

The social housing provider won new contracts valued at more than £300m over the course of 2014 and total dividends rose by 14% to 10p per share.

Chief executive David Miles said: “Our core maintenance business is performing well and I believe we can deliver solid growth in that area through providing more of the same.

“We have been focused over the last 12 months on providing a broader housing offering to our customers, mirroring our clients’ changing needs.”

alex.horne@estatesgazette.com

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