Renew Holdings looks to deliver further growth
UK engineering services group Renew Holdings is confident of delivering further growth after it booked better full-year revenue and adjusted pre-tax profit.
FTSE AIM 100
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Renew Holdings
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16:49 26/04/24
Support Services
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Dividend was 8p a share, up from 7p a year earlier.
Revenue ticked a bit higher to £525.7m, from £519.6m. Adjusted pre-tax profit rose to £22.3m, from £19.6m.
Chairman RJ Harrison billed the numbers as another year of record results that continued the group's progress towards achieving its published financial targets.
"I am particularly pleased to report the improvement in operating margin," he said. Adjusted operating margin was 4.2%, from 3.9%.
"The board is confident of delivering further growth and continued success under the leadership of our new chief executive," said Harrison.
At about 13:53 GMT, shares in AIM-listed Renew were up 5.64% to 389p each.