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Hargreaves Services PLC on Thursday said profit has risen across all three segments in the first half of the financial year leaving it confident of meeting full-year expectations. The Durham, England-based industrial services company focused on the environmental, infrastructure and property sectors said it expects to report another strong set of results for the six months ended November with growth in both revenue and pretax profit. Revenue improvements are expected within both Services and Hargreaves Land with pretax profit up across all three segments against the comparative period. As a result, the board remains confident of delivering full year results in line with market expectations for revenue of £270.9 million, pretax profit of £24.2 million and earnings per share of 53.3 pence. In the financial year to May, the company reported revenue of £264.4 million, pretax profit of £17.5 million and earnings per share of 44.8 pence. The services business unit has continued to see steady growth in its revenue, with activities growing on some of the major infrastructure projects, the firm said, while Hargreaves Land has had a strong first half. The joint venture, HRMS, has continued to trade steadily while the performance of the DK Recycling business has been ‘satisfactory’ across an economic environment that has continued to be ‘challenging.’ Hargreaves Services expects to report interim results for the six months ended November on January 28. Shares in Hargreaves Services were 0.9% higher at 670.00 pence each in London on Thursday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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