Engineering giant posts half-year results with revenue up 6% and pre-tax profit up 13%
Engineering giant Babcock has reported growth in revenue and pre-tax profit in its half-year results to 30 September 2012.
Revenue was up 6% to 拢1.56bn, compared to拢1.47bn the previous year, while pre-tax profit also rose 13% to 拢142.7, up from 拢126.3m.
The figures report Babcock鈥檚 underlying performance, taking into account Babcock鈥檚 share of joint ventures and exceptional items.
The company鈥檚 order book also edged up from 拢12bn last year to 拢12.5bn.
The listed firm told the stock exchange that an expected rise in government outsourcing opportunities would 鈥渟upport long-term growth prospects鈥�.
The company is targeting nuclear decommissioning work for reactor site owner Magnox and a number of research reactors which are due to be awarded in 2014.
Peter Rogers, chief executive, said: 鈥淏abcock鈥檚 strong first half performance reflects our leadership in UK engineering support services, the continuing growth in our major markets and our increasing international presence.鈥�
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