24th Jul 2014 11:38
LONDON (Alliance News) - Northbridge Industrial Services PLC Thursday said it expects its 2014 full-year results to be in line with internal expectations.
The industrial services and rental company said it started the year well in terms of both sales and rental activities. It said the ongoing investment in its global hire fleet has resulted in good rental revenue and a strong cash flow, which will enable net gearing to be reduced by the end of the year.
Northbridge also said a high level of sales orders for manufactured units provides good visibility for the second-half of 2014.
The stock was trading down 0.1% at 557.10 pence Thursday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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