21 November 2024 - interim results
The plant and equipment hire group has announced disappointing interim results for the six months to 30 September. Revenues fell 2.4% to £203.6m but underlying pre-tax profits declined by over 90% to just £0.4m. The fall in profits is due to a number of factors including higher labour and finance costs and a disappointing performance from the business in Kazakhstan. However the second half has started well and the period will benefit from contracts signed in the first half. The contract with Amey has started earlier than expected and there is . . .
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