Hamworthy anticipates profits hike
Hamworthy, the manufacturer of marine, onshore and offshore fluid handling systems, announced in a trading update today (26 January) that it has experienced strong demand for its aftersales products and services, an increase in order intake from the oil and gas market and a reduction in the instances of customers delaying delivery dates.
As a result, the company now expects to significantly exceed previous earnings expectations for the current financial year ending 31 March 2011. However, it remains too early to predict whether these effects will continue into the following financial year.
