25 May 2010 – Interim results

Renew Holdings has today announced satisfactory interim results.  In the six months ended 31 March, group operating profit, before amortisation, was £1.7m (£3.2m) on revenue of £138.6m (£171.6m).   The group has maintained its interim dividend and remains debt free with net cash of £10.5m (£17.5m) and this is expected to rise in the second half.  The group’s order book stood at £289m (£221m), 31 per cent higher than one year ago, and 43 per cent higher than last year giving the “Board confidence for future trading”.