12th Nov 2014 10:43
LONDON (Alliance News) - Engineering and environmental consultancy Waterman Group PLC on Wednesday said trading in its new financial year has been in line with its expectations, with an improvement in performance from refocusing on the UK market.
The company said trading since the start of its new financial year on July 1 has been in line with its expectations. The group said its strategy to focus on its UK operations, which now account for 90% of revenue, was driving an improvement in its financial performance.
It also said its civil and transportation consulting arm was experiencing an improved performance in the year so far, following a loss last year.
The company said it remains on target to triple its adjusted annual pretax profit to GBP3.3 million in the three years to June 2016.
Waterman shares were untraded on Wednesday, last traded at 54.05 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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