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Redhall sparkles

Thu, 03rd Dec 2009 16:11

Specialist engineering support services group Redhall Group pleased the market with full year results that strong growth in revenue and profits.Adjusted profit before tax soared to £6.47m in the year to 30 September, from £4.65m the year before, on revenue that grew from £86.71m to £128.96m.Net cash resources rose to £6.3m from £1.9m the year before.The company said that it saw a slow-down in the oil and gas sector in the final quarter of its financial year but the civil nuclear market seems to have sparked back into life after a hiatus on decision making prior to the appointment of the new Sellafield Parent Body Organisation.The new financial year has seen trading in line with management expectations, and with the order book standing at £115m, versus £110m at the start of the previous financial year.A final dividend of 2.75p has been proposed, making a full year dividend of 4.4p, up from 4.0p the year before.