13th Nov 2013 12:46
LONDON (Alliance News) - Interserve PLC said Wednesday its performance had been in line with expectations in the period July 1 to date.
Lower than expected activity levels in its Middle East oil and gas services businesses were offset by strong growth in UK support and equipment services and resilience in UK and International construction, Interserve said.
Interserve is a construction and support services company. It said that it had won more than GBP1.8 billion of new work so far in 2013, including a GBP150 million facilities management contract with the British Broadcast Corporation.
"Market conditions remain mixed," said Chief Executive Adrian Ringrose in a statement. "However we have continued to trade well in the period and to invest for growth both in existing and new business streams, making significant operational and strategic progress. "
Shares in Interserve were trading down 2.1% at 610.00 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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