StockMarketWire.com - Aggreko reported post-exceptional pretax profit fell by 11% to £154m, down from £172m a year ago.

Operating profit before exceptional items fell 10% to £229m excluding the impact of currency and pass-through fuel.

The group's pre-tax profits before exceptional items fell to £195m, down 12% from £221m in 2016 and in line with expectations.

Revenues rose by 4% to £1.73bn from £1.52bn.

The group's rental solutions division returned to growth, with underlying revenue up 9%, amid a £23m benefit from hurricanes in North America. The power solutions industrial division saw underlying revenue increased 20%, driven by Eurasia, while power solutions utility division underlying revenue was flat excluding Argentina.

The dividend payout has been kept at 27.12p per share.

Chris Weston, Chief Executive Officer, said: 'I am pleased that we are seeing revenue growth return, with strong performances in both Rental Solutions and Power Solutions Industrial. As expected, the challenges in Power Solutions Utility held back the Group overall.'

'Over the last three years we have stabilised the business, enhanced our service offering and positioned ourselves to prosper in rapidly changing energy markets. We have delivered over £100 million in cost savings, invested in new systems and processes and developed new technology, all of which enables us to provide high quality solutions for customers. We expect 2018 Group profit before tax to be in line with last year, on a constant currency basis.' At 8:22am: [LON:AGK] Aggreko PLC share price was -63.7p at 660.3p



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