MDM Engineering revises outlook higher
MDM Engineering, a minerals process and project management company focused on the mining industry, has announced that its results for the year will be at least 10 per cent ahead of current market expectations for the year ended March 31st.
MDM Engineering, a minerals process and project management company focused on the mining industry, has announced that its results for the year will be at least 10 per cent ahead of current market expectations for the year ended March 31st.
The firm's project pipeline significantly recovered during the last quarter of the year and has since continued to improve.
This latest revision is the result of a number of new projects that have experience growth, as well as strong trading.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief Executive Officer Martin Smith said: "MDM's project pipeline continues to exceed current market expectations as the demand for our premium value added services, combined with an improved resources sector and requirement for long-term capital investment projects, increases.
"We are very encouraged by the momentum that has continued into the 2012 calendar year making us confident that we will continue to accelerate the growth currently experienced into the new financial year."
NR
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published