Amec first-half profit up 33%, ups margin target

LONDON (MarketWatch) — Engineering firm Amec said that first-half net profit totaled 68.4 million pounds, compared to 51.3 million pounds at the same point a year ago. Revenue climbed 9% to 1.3 billion pounds.
“With natural resources having already achieved a 10% margin and our other core businesses expected to make strong progress in 2008, we have raised our group margin target for 2010 from 8% to 8.5%,” said CEO Samir Brikho.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Thursday, August 28th, 2008 at 12:41 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.