LONDON (Thomson Financial) - Hargreaves Services Plc. posted a 86 percent
rise in full-year pretax profit and said it expects to benefit over the next
three years from the increases in coal and coke prices over the last 12 months.
It added it continues to have a strong forward order book providing future
earnings visibility
The company said pretax profit for the year to end-May rose to 17.9 million
pounds from 9.6 million pounds. Revenue rose 69 percent to 404.9 million pounds
in the same comparison. The company said the results were ahead of expectations.
Hargreaves Services declared a final dividend of 7.0 pence per share,
bringing the total dividend for the year to 10.3 pence, up 14 percent over last
year's 9 pence per share.
The company said it sees good prospects for further organic growth in all
divisions and added all three acquisitions completed during the year have been
integrated into the group and are performing well.
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