StockMarketWire.com - HSS Hire reported narrower losses in the first half of the year as revenue was bolstered by improved trading across both the company's rental and services segments.

For the 26 week period ended 29 June 2019, pre-tax losses narrowed to £7.4m from £10.2m a year earlier and revenue increased 3.9% to £161.4m.

Rental revenue grew 1.1% and services revenue grew 10.6%.

The company said it was confident that full year profit would be in line with market expectations despite the headwinds in the economy weighing on the tool hire market.

'The widely reported headwinds in the economy have affected the tool hire market but HSS is well placed to manage these more challenging conditions,' the company said.


At 9:27am: [LON:HSS] HSS Hire Grp Plc share price was +1.4p at 32.9p



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