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WYG turnaround continues

20 Mar 13 Consulting engineer WYG is set to report better-than-expected pre-tax profits for the year ending 31 March 2013, with operating profits 10% ahead of market expectations despite lower revenues.

Chief executive Paul Hamer
Chief executive Paul Hamer

In a trading statement ahead of an announcement of its final results, scheduled or 4 June, WYG said that the UK business was stabilising and new overseas work was being won, reducing its reliance on donot-funded work.

Chief executive Paul Hamer said: "Having announced the group's return to operating profit on 29 November, we are very pleased to see that the positive progress in the half year has continued in the second half, enabling us to report on another milestone for the Group: an expected return to profit at the pre-tax level.

"We are now well positioned to leverage our strategic partnerships to create high quality, sustainable revenue growth in the year ahead and we look forward to announcing our results in June."

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MPU
MPU

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