LONDON (Alliance News) - Management Resource Solutions PLC on Thursday said it traded in line with expectations in the first half of its financial year, with profit rising 40%.
For the six months to the end of December, the construction services and equipment provider posted pretax profit of AUD3.5 million, up from AUD2.5 million in the comparative year-ago period.
Revenue increased 3.6% to AUD34.8 million from AUD33.6 million.
"I am pleased to report that the first half of the group's financial year has been another busy period with growth delivered across the business," Chief Executive Officer Paul Brenton said.
Looking ahead, Brenton said the second half of the year started well, as the company's outlook remains "strong".
Furthermore, the company said its debt restructuring programme is progressing well.
Management Resource Solutions shares were trading down 6.2% at 4.69 pence each.