Natural resources, land and property consultancy group RPS Group said that it remains on track to meet expectations this year with results for the first nine months of the year well ahead of the 2011.
The company said that it continues to secure over two-thirds of its fee income from the energy and energy infrastructure markets "in which we have an excellent international profile and which remain generally buoyant."
RPS's Energy division has seen increasing investment by its clients in oil and gas E&P (exploration and production) and "good" levels of demand, with the current high oil price doing its bit to help.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
However, RPS highlighted that its Built and Natural Environment unit is experiencing difficult trading conditions.
In Built and Natural Environment, results continue to run ahead of last year, but the company acknowledged a "change in client sentiment in the second half in respect of investment in the infrastructure necessary to deliver energy and mining projects."
This meant that the company experienced lower levels of Asian demand for resources, escalating project costs and a trimming of growth in the economy.
Meanwhile, while European results are up year-on-year, the company saw a reduction in spend from some of its UK water company clients, as well as a reduction in client commissioning the in the private development sector. "There have only been limited signs of recovery since."
Chairman Brook Land said: "RPS remains in a strong position financially and operationally.Our strategy of developing our activities in energy and energy infrastructure markets, which have been less affected by economic uncertainty, continues to be successful.As a result, the group remains on course to meet market expectations for the full year."
Shares were down 3.53% at 229.8p in early trading on Wednesday.
Stocks and shares ISAs beat cash ISAs despite rising interest rates
Exclusive analysis for MoneyWeek shows that the stock market beat cash ISAs last year - and when inflation is factored in, cash savers actually made a loss. We run through the figures.
By Ruth Emery Published
Waspi women: could they get £10,000 compensation under new bill?
Many women born in the 1950s got a raw deal due to the rising state pension age. The “Waspi” campaign group has been lobbying for compensation for years - we outline the journey so far, and whether they might finally receive some money.
By Ruth Emery Published