3rd Sep 2013 10:11
LONDON (Alliance News) - WYG PLC in a trading update Tuesday said that first-half revenues were ahead of last year, due to increased activity in its UK and overseas market.
The management consultancy said it has had a strong start to the trading year and has secured additional business across its core sectors in the UK. It said it expects profitability to exceed market expectations.
WYG said that in the UK, it secured additional business across its core sectors of Defence and Urban Development, including several projects related to the Ministry of Defense's Base Optimisation programme. It also said that it is winning increased levels of planning and enabling work associated with the pick-up in activity in the construction and house-building sector.
In the overseas market, WYG said it has also secured new contracts in Bulgaria, Uzbekistan and the western Balkans, as well as a large-scale project to advise small and medium enterprises in Croatia.
"Looking ahead, we are beginning to see signs that the UK government's investment in major infrastructure projects and its encouragement of the house building sector are having a positive effect on our core, front-end disciplines of planning and development," Chief Executive Officer Paul Hamer said in a statement. "Overseas, we continue to build on our strong market position and maintain our focus on partnering to access new and emerging markets."
WYG shares were trading 4.95% higher mid morning Tuesday, up 5.00 pence to 106.00 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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