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Keller Says Year Results to Top Expectations

British ground engineering company Keller Group said on Tuesday its year results would be slightly above market expectations as its strong performance continued through to the end of the year.

"On the basis of this we anticipate upgrading our 2006 profit before tax estimate from 77 million pounds ($149 million) to circa 80 million pounds, similarly we expect 2007 numbers to increase by at least as much," analysts at Bridgewell Securities said.

Keller had already made five upgrades to its earnings forecasts during the course of the year, saying in November results for the year would be significantly above market expectations.

Shares in Keller, which have outperformed the UK construction and materials sector by 64 percent over the last 12 months, were up 2.2% at 924 pence by 0830 GMT, valuing the group at around 608.3 million pounds.

Keller, which has worked on converting London's Millennium Dome for use in the 2012 Olympics, is expected to announce annual results on March 1.