StockMarketWire.com - Quality assurance provider Intertek reported a rise in revenue for the 10 months through October, driven by a contribution from acquisitions and positive foreign exchange movements.
For the period from 1 January to 31 October 2019, revenue grew 7.4% to £2.5bn and organic revenue grew 3.6%. The company's products, trade and resources segments delivered growth of 2.3%, 4.4% and 5.2% respectively, driven by acquisitions and a 270 basis point FX gain. Looking ahead, Intertek said it expected 'good' organic revenue growth at constant currency rates expected in its products and trade divisions, while its resources division was expected to deliver 'robust' organic revenue growth at constant currency. The company's full-year results to 31 December 2019 was expected to be announced on 3 March 2020.
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.