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Premier Technical sees 'continued strong performance' in first half of trading year

Wed, 08th Aug 2018 09:38

(Sharecast News) - Specialist services provider Premier Technical Services Group provided shareholders with an update ahead of its interim results on Wednesday.PTSG told investors it had seen a "continued strong performance" throughout the first half of its trading year, driven by a "marked increase" in compliance and testing work, with high activity levels across all divisions.The AIM-listed firm revealed that contract renewal rates had remained high and "a number of new and significant contracts" were won during the first half of the year across our range of services, including The Department of Work and Pensions with Interserve, FirstPort, and the Ministry of Justice's new facilities management company, Government Facilities Services.PTSG highlighted that the majority of its new contract wins ran from three to five years, and ranged in value from £500,000 to £1m per year, which, in addition to its existing customer base, provided the firm with an "excellent revenue visibility" over the medium-term.Looking forward, PTSG stated that trading momentum had continued into the first few weeks of the second half with high levels of demand from new and existing customers for essential building services."As a result, the board remains confident of delivering full-year expectations and in the significant long-term growth opportunity for PTSG," the group said.As of 0940 BST, PTSG shares had ticked up 0.67% to 188.75p.
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Premier Technical Services Group Buys JW Gray For GBP1.1 Million

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Premier Technical buys Integral Cradles for 4m pounds

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2 Oct 2015 07:00

Premier Technical To Buy Integral Candles In Cash And Shares (ALLISS)

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29 Sep 2015 09:44

WINNERS & LOSERS SUMMARY: Wolseley Lower Despite Trading Profit Rise

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29 Sep 2015 09:12

Premier Technical Confident On Beating Targets After Good First Half

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3 Aug 2015 12:22

Premier Technical Services Group rises thanks to organic growth during first-half

(ShareCast News) - Premier Technical Services Group (PTSG), a provider of access and safety services, said it has performed will during the six months ended 30 June 2015. The group's trading continues to be in line with market expectations for the full-year driven by strong organic growth and the in

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3 Aug 2015 09:08

Premier Technical Has Good First Half, Outlook Bright

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Premier Technical Services Says Trading In Line With New Contracts Won

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Premier Technical Services Buys Pendrich For Up To GBP1.7 Million

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