StockMarketWire.com - Engineering services group Renew posted a rise in first-half profit after sales were boosted by its acquisition last May of QTS.

Pre-tax profit for the six months through March increased to £14.5m, up from £2.4m on-year.

Revenue rose 15% to £301.0m and adjusted operating profit rose 39% to £18.4m.

Renew declared an interim dividend of 3.83p per share, up 15% on-year.

'The group has delivered record interim results, in part reflecting the contribution of QTS which we acquired in the second half of last year,' chief executive David Forbes said.

'We are pleased to have increased the interim dividend by 15% consistent with our progressive dividend policy.'

'We continue to deliver on our established strategic objectives and remain confident of reporting full year results in line with expectations.'


At 8:12am: [LON:RNWH] Renew Holdings PLC share price was +1p at 415p



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