Kinovo completes penultimate DCB Kent project

3rd Oct 2024 15:33

(Sharecast News) - Kinovo, a specialist in property services focused on compliance and sustainability, updated the market on its former construction division DCB Kent on Thursday.

The AIM-traded company confirmed that work on the penultimate DCB project was completed in September, with additional work at the property currently underway.

It said the extra tasks would be paid for separately by the client, and would not impact the overall project costs.

Kinovo said it would provide further updates once practical completion was achieved.

The company also announced the successful release of a £0.9m performance bond related to the final DCB project.

That followed the resolution of the last of nine DCB projects, and the fulfilment of Kinovo's contractual obligations, marking a significant step in concluding its involvement with DCB Kent.

At 1400 BST, shares in Kinovo were up 2.27% at 67.5p.

Reporting by Josh White for Sharecast.com.