Profit and turnover on the up at Renew after acquisition
Listed engineering services firm Renew has seen a rise in profits and record interim revenues as a result of the acquisition of QTS last year.
Revenues for the six months to 31 March 2019 reached £301.0m, up from £262.2m in the same period the year before.
Adjusted pretax profits before amortisation reached £17.7m, up from £2.4m in its restated results for the same half-year period in 2018.
Its interim dividend has been increased on the back of its performance, with an interim dividend of 3.83p (2018: 3.33p).
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