25th Oct 2024 18:49
(Alliance News) - Mincon Group PLC on Friday celebrated "positive signs of recovery" over the third quarter, with good progress on processes to drive efficiency.
The Shannon, Ireland-based rock drilling tool manufacturer said that the recovery in revenue and order books reported for the first half continued into the third quarter. In particular, there was growth in North American construction revenue.
While improvements in Europe, the Middle East, and Africa were slower to materialise, Mincon was awarded its first two large construction contracts in the Asia Pacific region.
Looking ahead, the firm remains confident of earnings and revenue growth in the second half when compared with the first.
Shares in Mincon Group closed 4.4% higher at 38.10 pence each in London on Friday.
By Holly Beveridge, Alliance News senior reporter
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