News

Hamworthy upbeat as profits double

25 November 2008 11:29:00

LNG specialist engineer Hamworthy more than doubled interim profits, with the group also confident of meeting its full year targets.

The group, which fits out LNG tankers, upped pre-tax profits to £13.8m from £6.4m in the half-year to September. Revenue increased by 6.1% to £112.7m. The order book increased by 1.7% to £309.1m while net cash rose to £56.6m.

"With the very strong first half performance, the group remains confident of at least meeting its expectations for the full year. The near term outlook for the group is underpinned by a sizeable and robust order book giving visibility of demand and activity through calendar year 2009, " chairman Gordon Page said.

The interim dividend goes up 15% to 3.05p per share.

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