StockMarketWire.com - Restore has lifted its adjusted H1 pretax profit to £7.1m, from £5.0m. Revenue was £43.9m, from £30.6m. Dividend was 1p a share, from 0.8p.

CEO Charles Skinner said:

"We continued to make good operational and financial progress in the first half with records management, the key driver of Group performance, benefiting from strong organic box growth and the on-schedule integration of the Cintas business acquired last year.

"Our Relocations division traded well in what is traditionally its seasonally weaker first half, and continued to benefit from improved operational efficiencies and the expansion of our service offering.

"We will continue to pursue our strategy of organic and acquisitive growth and we are well positioned to gain further market share across all of our businesses.

"We have taken swift action to improve the profitability of our scanning business, which includes the arrival of a new managing director with the acquisition of Crimson and the signing yesterday of a significant contract with NDA Archives.

"The recent addition of ITP, the UK's leading collector of empty printing cartridges, further enlarges the offering of our Relocations division to support its delivery of double-digit operating margins.

"The second half has started well and we remain confident of making further progress in the remainder of 2015 to deliver a full year performance in line with current market expectations."




At 9:46am: [LON:RST] Restore PLC share price was +11p at 264.5p



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