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
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
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
