24th Oct 2019 11:34
(Alliance News) - Alumasc Group PLC on Thursday said the building and engineering products firm has shown "resilience" in a difficult environment.
Chair John McCall, speaking at Alumasc's annual general meeting in Northampton on Thursday, said first-quarter revenue to September was similar to a year prior, which shows resilience in a difficult UK construction market.
Alumasc is also on track to deliver on its plan to save GBP2 million in its current financial year, which ends June 2020.
"The board remains confident that with sustainable building systems and solutions becoming more important to the industry and to society as a whole, the group's strong strategic and market leading positions in managing water and energy in the built environment will underpin value creation over the medium to longer term," said McCall.
Alumasc shares were 9.1% higher on Thursday morning in London at a price of 90.00 pence each.
By George Collard; [email protected]
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