MDM Engineering looks to beat expectations

Shares in MDM Engineering jumped after the firm said full results should be ahead of market expectations.

Shares in MDM Engineering jumped after the firm said full results should be ahead of market expectations.

The mining industry project management company said it continued to see new wins in terms of studies and projects.

MDM said the new awards, together with others carried over from the previous financial year, had helped the company to grow as forecast in the first half of 2012.

"We are pleased to confirm that our growth path is on track and the measures we put in place subsequent to the global financial crisis in 2008 have paid off," said Chief Executive Martin Smith.

"MDM is on a strong footing notwithstanding the negative sentiment in Europe, and we continue to secure work in Africa with key clients."

The company's shares were up 6.8% at 1015 on Wednesday.

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