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(Alliance News) - Renew Holdings PLC on Tuesday said strong trading performance drove its profit and revenue for the first half of the year ending September 30.
The Leeds, England-based engineering services group said revenue rose 14% to GBP471.8 million from GBP414.3 million a year prior. Pretax profit was GBP26.3 million, up 21% from GBP21.8 million. This was driven by strong trading performance, as well as growth across all platforms, Renew said.
Renew declared an interim dividend of 6.00 pence, up 5.8% from 5.67p last year.
Looking ahead, Renew said trading has started well going into the second half of the financial year, and it expects to meet its full-year expectations.
Shares in Renew were up 1.4% at 732.00 pence each in London on Tuesday morning.
By Sabrina Penty; Alliance News reporter
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