24/08/2000
Strong interim results at power hire company Aggreko were attributable to higher demand due to the Y2K issue. Profits before tax grew by 37% to £22.5m (£16.5m) on turnover up to £124.2m (£94.6m). Demand for temporary power remained high on account of strong IT and internet growth. However, the scares generated by the Y2K bug also boosted back-up power requirements from concerned clients. Since the period end, new contracts have been won in East Africa and South East Asia. The interim dividend increased 8% to 1.95p (1.8p) payable from earnings per share of 5.4p (3.95p).
| Market cap: | £1173.8m |
| PE Average: | n/a |
| PE Forecast: | 31.6 |
| PE Historic: | n/a |
| Share price: | 442.5p |
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