19th Sep 2024 10:05
(Alliance News) - Babcock International Group PLC on Thursday gave a short upbeat update, noting a positive momentum that continued into its first financial half.
The London-based defence company said it delivered good organic revenue growth, especially in civil and naval Nuclear, and in the Land Sector.
"Group underlying operating profit also increased compared to the same period last year, despite last year including the license fees from the Polish MIECZNIK programme," Babcock added.
The company left its expectations for the full year unchanged.
Babcock said demand in its core defence market remained positive amid sound strategic progress.
The company will release its results for the half-year ending September 30 on November 13.
Babcock shares rose 3.5% to 481.62 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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