LONDON (Alliance News) - Structural steelwork company Billington Holdings PLC said it anticipates its full-year 2016 results to be significantly ahead of market expectations following a strong performance in the first half of the year.
Billington said its performance continued to improve during the six months to June, helped by a strong order book, providing "good visibility" beyond the end of the year. The company also said "good early progress" was made at Shafton Steel following Billington's acquisition of the site in December.
As a result of strong first-half trading, Billington said it believes its full-year results should be significantly ahead of current market expectations.
Billington posted pretax profit of GBP3.1 million in 2015, up 63% on GBP1.9 million in 2014, on revenue of GBP56.7 million, up from GBP45.1 million
Shares in Billington were up 13% at 250.00 pence Friday.
By Lucy Heming; lucyheming@alliancenews.com
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Billington (BILN)