Renew Holdings PLC - Leeds, England-based engineering services group - Says trading for the six months that ended on March 31 is in line with expectations. Says its healthy order book continues to be underpinned by long-term framework positions. In February, Renew said its order book at December 31 stood at GBP861 million, up from GBP742 million a year earlier.
Renew adds on Monday that it continues to successfully manage inflationary pressures and supply chain challenges. Remains confident of a successful performance in the second half of the year. Says it will release its interim results on May 16.
Back in November, Renew had reported a 21% rise in pretax profit for financial year that ended on September 30 to GBP49.5 million from GBP40.8 million a year ago, as revenue rose by 7.3% to GBP849.0 million from GBP791.0 million.
Current stock price: 672.31 pence each, down 0.6% on Monday in London
12-month change: down 1.9%
By Xindi Wei, Alliance News reporter
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Renew Holdings (RNWH)