StockMarketWire.com - Services company Weir Group posted a 47% jump in annual profit after a recovery in commodity prices triggered an increase in construction activity.

Pre-tax profit rose to £250m, as revenue gained 28% to £2.36bn.

The company left its dividend unchanged at 44.0p per share. Net debt during the year was cut by £8m to £843m.

'Looking to 2018, assuming market conditions remain supportive and despite anticipated foreign exchange headwinds, we expect to deliver strong revenue and profit growth and further balance sheet deleveraging,' chief executive Jon Stanton said.


At 8:17am: [LON:WEIR] Weir Group PLC share price was -25.75p at 1975.25p



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