The structural steel group's revenues were up five per cent year on year, reaching £195.5m, while underlying profit before tax rose from £8.4m to £10.3m over the same period.
It has consolidated its position in the market despite inflationary pressures, soaring energy costs and industry-wide supply chain issues.
Despite increased profits, periodending net debt rose to £6.7m, a £10m downward swing on £4.4m net funds in the previous period. But the group is confident its strong order book gives its good profit visibility through 2023.
(c) 2021 City A.M., source