Record six months for Renew

摘要

Building and engineering contractor Renew reported pretax profit for the last six months as up by more than 600%, to £4.2m. In half year results up to 31 March the firm said revenue was up 18% to £183.7m, with engineering revenue up 49%. The results follow Renew's decision to close its struggling northern construction business and focus on building in the south and engineering services across the UK. Renew said its order book for engineering work was up 40% to £229m, despite the overall order book being 9% down, due to the closure of the northern business.The increase in engineering work is partly due to the acquisition of engineering firm Amco in February 2011. Chairman R J Harrison said: "We have made excellent strategic progress and in doing so delivered record interim results."