Hamworthy confident

Announcing the company’s results for the six months ended 30 September, chairman Gordon Page said: "This is another excellent set of results for Hamworthy. The Group has made good progress on delivering its strategy, particularly on margin improvement and expanding key technologies into new market applications. A strong order book gives the Board confidence in the Group's outlook for the near term. The medium term effects from the current conditions in credit and capital markets are difficult to predict but our markets are unlikely to be immune. However, the Group's strong balance sheet, increased breadth of product portfolio and markets and commitment to improving margins leave the Group well positioned to address any adverse impact and exploit future opportunities." Revenue for the six months increased by 6% to £112.7 million (2007: £106m) while operating profit increased by 112% to £12.8 million (2007 £6 million).