9th Feb 2016 09:30
LONDON (Alliance News) - RWS Holdings PLC on Tuesday said it achieved its twelfth successive year of growth in sales, underlying profit and dividends since its stock market flotation in 2003.
Shares in RWS were trading up 15% at 218.00 pence following the announcement on Tuesday morning. Its last financial year ended on September 30, 2015.
The provider of intellectual property support services said trading in the first three months of the current financial year also were "significantly ahead" of the board's expectations, reflecting an "excellent quarter" for the patent translation and filing division.
The integration of life sciences translation and linguistic validation provider CTi, which RWS acquired in November, has progressed well, contributing two months' of strong results in the current year so far, RWS added.
"With currency also shifting in the group's favour, the board is confident of significant progress in 2016 and expects RWS to further consolidate its market leading positions in its chosen sectors," the company said in a statement.
RWS is holding its annual general meeting on Tuesday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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