Management Resource Solutions Share News (MRS)

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Management Resource Solutions Expects Strong Annual Performance

Thu, 17th Jan 2019 12:14

LONDON (Alliance News) - Mining and civil services company Management Resource Solutions PLC said on Thursday it expects to see a rise in earnings and revenue for its current financial year.

Pretax profit for the year ending June 30 is expected to be the range of AUD8.0 million to AUD9.0 million, up from AUD6.0 million the year before, while net revenue is expected to be between AUD73 million to AUD75 million, up from AUD69.1 million the prior year.

Management Resources Solutions said its performance in the six months to the end of December was striven by strong demand for the company's services in Australia's resources and construction markets.

There was also continued investment in core assets, cost management and focus on growing operations.

MRS said it will continue restructuring, review of assets and maximising synergies to continue in the year.

"Significant work was undertaken through FY18 to enable management to focus on the core operations of Fabrication, Mechanical and Civil & Earthworks. This has provided the foundations for a stronger FY19, as evidenced by the forecasts that we have outlined for the year," said Chief Executive Officer Paul Brenton.

MRS will publish its interim results on February 28.

Shares in Management Resources Solutions were up 6.2% at 4.62 pence on Thursday.

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