- Fulcrum Utility Services' revenues rose to £19.6m in the six months to the end of September - up 8.3% from a restated £18.1m last time.

Underlying EBITDA rose by 14.2% to £4.0m and pre-tax profits increased by 19.4% to £3.7m.

The board is recommending an interim dividend of 0.7p per share for FY2018, up by 17% (2017: 0.6p per share).

Chief executive Martin Harrison said: 'The successful execution of the company's strategy continues to place Fulcrum in a strong financial and operational position.

'We remain committed to safety and excellent customer service, enhancing our in-house multi-utility capabilities and growing infrastructure services and the asset base.

'The granting of the iDNO licence will further enhance our growth in utility assets and associated future income streams.

'We are reviewing potential funding options to enhance these purchases and deliver increased shareholder returns.

'Fulcrum's strategy provides a solid foundation to build upon the performance achieved in the first half of the year and the outlook remains positive for the full year 2018.'

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