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Interim Results

Speedy Hire swings to H1 pretax profit, ups divi

16 November 2016 09:28

Speedy Hire has booked an H1 pretax loss of £5.4m, from a loss of £13.5m. It improved its interim dividend to 0.33p a share, from 0.3p.

Group revenue rose to £187.1m, from £165.0m.

"These encouraging interim results confirm that our recovery is well established," said CEO Russell Down in a statement.

"We are now focussed on the strategic development of the business over the medium-term and are implementing a range of customer service initiatives to ensure that Speedy is competitively positioned to grow profitable market share.

"Reflecting the progress the Group has made, we now expect results for the full year to be ahead of the Board's previous expectations."

At 9:28am: (LON:SDY) Speedy Hire PLC share price was +4.88p at 41.63p

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