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Upbeat Cape on course

Tue, 07th Jul 2009 07:46

Currency translation benefits and strong demand in the Middle East have kept support services group Cape on track in the first half, despite some order delays in Australia."While we continue to experience some project delays in Australia due to adverse market conditions, this is more than offset by growth in the Middle East markets as evidenced by our recent contact wins. All other regions continue to trade at or ahead of expectations," Cape said."The positive momentum in the first half has continued into the second half and, with improving revenue visibility, the board is increasingly confident of the outcome for the full year," it added.