30th Jan 2014 11:16
LONDON (Alliance News) - Structural steel and construction safety solutions specialists, Billington Holdings PLC Thursday said its results for the year ended December 2013, will be ahead of market expectations.
In September the firm said it swung to profit in the first-half after an increase in work in progress brought revenue, but not cash, to the company.
Billington, a holding company for a steelwork manufacturer and a construction safety company, posted pretax profit of GBP252,000 for the six months to June 30 2013 compared with a GBP200,000 pretax loss the year prior.
The company attributed this to success in securing work in new sectors, restructuring, and tentative signs of market recovery, as well as an increase in work in progress.
The stock was trading at 102.00 pence Thursday morning, down 5.50 pence or 5.1%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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