10th Jul 2014 08:20
LONDON (Alliance News) - Restore PLC Thursday said trading in the first six months of 2014 was in line with expectations, as both its document management and relocation divisions performed well.
The UK office services provider said it has started the integration process of recent acquisitions Magum Secure, Filebase and Cannon Confidential within its document management business. Post the period-end, Restore also acquired Papersafe UK Ltd from SITA UK Ltd for up to GBP200,000. The integration process has just started for the new business, the company said.
Restore said its relocations division, which primarily consists of Harrow Green, its office relocations business, benefited from improved market conditions. It said the division will show strong year-on-year improvement in its revenues and profitability as expected.
The group's half-year results ended June 30 will be released on September 10.
Restore shares were quoted down 1.4% at 178.00 pence Thursday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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