LONDON (ShareCast) - Support services firm to the energy sector Hargreaves Services (LSE: HSP.L - news) said it expects to report results
that are in line with market expectations.
In the Energy & Commodities Division, the UK operations continue to perform very strongly with profits and volumes ahead of internal expectations. Trading volumes remain low in Europe but the Board is encouraged by the progress being made in establishing the new coal trading operation in Ghent, Belgium.
The Production Division has performed in line with expectations in the second half
Industrial Services has traded in line with expectations, while the Transport Division has performed well in challenging conditions.
"The board is confident about the prospects for the Group and is actively considering opportunities to deploy its strong operating cash flow to accelerate growth and investment," said the group.
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