1st Oct 2018 10:07
LONDON (Alliance News) - Renew Holdings PLC on Monday said it expects to deliver "good" annual growth in operating profit and further improvement in operating margin.
In the Engineering Services unit, the company said it successfully integrated QTS, a computer security firm acquired in May. Renew said it expects to report further growth in its Engineering Services order book, underpinned by extensive portfolio of long-term frameworks contracts.
Meanwhile, in its Specialist Building division, which represents less than 5% of group operating profit, renew has focused on selectivity. However, this has led to a reduced level of trading in the year to the end of September, but the division is expected to remain profitable, the company said.
Renew said it will announce its annual results on November 27.
Shares in Renew were trading 2.9% higher on Monday at 403.20 pence each.
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