LONDON (Alliance News) - Engineering and environmental consultancy Waterman Group PLC on Wednesday said revenue in the first nine months of its financial year rose 10%, in line with its expectations.
Waterman said the growth in revenue in the nine months to the end of March leaves it on track to exceed its target for adjusted pretax profit to triple to GBP3.3 million in the year to the end of June.
The company continues to expect its adjusted operating margin to expand and said cash collection has also been strong, with its cash position at the end of June to be ahead of market expectations.
Waterman shares were up 8.7% to 89.7 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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