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.

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.

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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."

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