Tool hirer HSS has boosted third quarter revenue to 拢44.6m, a rise of 14% on the same period last year.聽
Year to date revenue is up 13% to 拢126.6m compared to 2009.
During the third quarter, earnings before tax were 拢12.1m, up 31% from 拢9.2m in 2009.
Pre-tax earnings for the first nine months of 2010 were 拢29.8m, up 29.4% from 拢23m for the same period last year.
HSS spent 拢12.3m in capital expenditure on its hire fleet, including 拢2m brought forward from 2011.
Third quarter contract wins included a five-year tool and equipment contract with Thames Water, though the hirer lost another deal with Network Rail.聽
HSS chief executive Chris Davies said: 鈥淭he company continues to make very good progress in challenging conditions. This has been achieved by focusing on customers, colleagues, costs and cash.
鈥淎lthough we remain cautious on the outlook for the rest of the year and into next, our progress has prompted us to bring forward investment in the business from next year into this.鈥�
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