LONDON (Alliance News) - Fulcrum Utility Services Ltd on Tuesday reported a significant increase in both its profit and revenue for the first half of the financial year.
For the six months to September 30, the infrastructure and services provider posted pretax profit of GBP4.2 million, up 14% on GBP3.7 million a year ago.
Revenue soared 49% year-on-year to GBP29.2 million from GBP19.6 million. On a like-for-like basis, revenue was up 13%.
Chief Executive Officer Martin Harrison said: "These results reflect the continued successful delivery of the group's long-term strategy and our commitment to meeting customer demand across each of our routes to market.
"The group continues to invest in the business to drive sales growth, improve operational capacity and efficiency and push for ever higher levels of customer satisfaction."
The company decided to up its interim dividend by 7.1% to 0.75 pence per share, compared to 0.7p paid for the comparative period a year ago.
After a "strong" first half, the company said it is in a "good position" to adapt to changes in market conditions and take advantage of opportunities.
Fulcrum shares were trading down 3.6% at 61.00 pence each.