IN BRIEF: Renold shares surge as says annual profit to top market view
Renold PLC - Derby, England-based supplier of industrial chains and power transmission products - Says revenue for the 10 months ended January totals GBP199.0 million, up 25% from GBP158.7 million a year earlier. This is up 17% at constant exchange rates. Group order intake amounts to GBP216.5 million, representing a year-on-year increase of 19%, and 12% at constant exchange rates. Says current order book of GBP104.1 million is a further record high for the group, compared to GBP99.0 million on September 30.
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