LONDON (Alliance News) - Engineering and technology services provider TP Group PLC on Wednesday said it anticipates its results for 2016 will be in line with market expectations.
TP, which makes carbon dioxide removal equipment for submarines, heat exchangers and fabrication components, said it continued to see positive momentum in trading in the first half to the end of June.
TP said its robust pipeline and order book position leave it well placed to continue growing both its service offerings and shareholder returns.
As a result, it anticipates trading for the full year will meet market expectations.
TP will publish interim results on September 13.
TP shares were up 13% to 4.68 pence Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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