THE developer responsible for delivering the £107 million Bridge Street Quarter regeneration project is continuing to thrive following the release of its latest financial figures.

Muse Developments, which is working alongside the council and Warrington & Co, has heavily contributed to the latest half year results released on Tuesday by parent company Morgan Sindall Group.

Against a continued backdrop of challenging market conditions, operating profit before amortisation and exceptional operating items was £15.5 million on revenue of £1,152 million – a 15 per cent increase over the same period last year.

The company reported an order book of £2.6 billion, down by three per cent on the previous year, and supported by a £3.2 billion pipeline of regeneration schemes.

Adjusted earnings per share for the period was 24.5p, compared to 28.6p last year.

The interim dividend has been maintained at 12p per share.

This year, the firm progressed with 23 projects, with a total construction value of £385 million.

A further £220 million is expected over the next 12 months.

It also maintained a healthy order book and development pipeline, which now stands at £2.2 billion.