10 October 2018 – trading update
A pre-close trading update has been released covering the six months ended 30 September. Revenue in the period is expected to be in line with the six months ended 30 September 2017 and approximately 6% higher than the six months ended 31 March 2018. Strong performance in the Transportation division offset reduction in the Energy sector. Profit before tax for the period is set to be significantly better than in the corresponding period a year earlier and at this stage results for the year ending 31 March 2019 should be in line with market expectations. Interim results are due out on 5 December. We rate the shares as a BUY.