Trading Update
29 Mars 2007 - 9:02AM
UK Regulatory
RNS Number:9352T
Renew Holdings PLC
29 March 2007
Renew Holdings plc
('Renew' or the 'Group')
Trading Update
Ahead of its interim results for the half year ended 31 March 2007, which will
be reported on Tuesday 22 May 2007, Renew is providing the following update on
trading.
As reported at the time of the AGM on 24 January 2007, the Group's strategy of
focusing on specialist markets is securing a higher quality of work. The Board
is pleased to announce that this positive progress has continued throughout the
first half.
The Group's Specialist Engineering activities have seen better organic growth
than expected with margins maintained at target levels. The Specialist Building
activities have enjoyed improved margins on similar levels of turnover to last
year.
The Group's cash position has also continued to improve.
The Board looks forward to reporting on further progress at the time of the
interim results announcement.
29 March 2007
Enquiries:
Renew Holdings plc Tel: 020 7522 3200
Brian May, Chief Executive
John Samuel, Group Finance Director
College Hill Tel: 020 7457 2020
Mark Garraway
Matthew Gregorowski
This information is provided by RNS
The company news service from the London Stock Exchange
END
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