Results round-up

Energy Assets Group has hiked its full-year pre-tax profit and revenue as it invested £22.9m in assets to generate long-term recurring revenue for the business, from £22.5m a year ago.

Pre-tax profit was £10.5m, from £9.3m, on revenue of £45.3m, from £36.2m.

"The new financial year has started well, all segments continue to grow and we are on track to deliver another year of strong operating and financial performance," said chief executive Phil Bellamy-Lee, looking ahead.

Energy Assets is an independent provider of industrial and commercial gas-metering services in the UK, and a major provider of multi-utility network, metering and data services.

RWS Holdings, a provider of intellectual property support services, reported a 28.7% increase in first half pre-tax profit to £13.9m as revenues grew on the back of its acquisition of Corporate Translations Inc.

Adjusted profit before tax rose to £13.9m in the six months ended 31 March 2016 from £10.8m the same period a year earlier. Revenue jumped 25% to £56.9m, driven by a £9.4m contribution from a strong performance in CTi in the first five months of trading. A 277 basis point increase in gross margins also gave revenues a boost.

RWS Holdings acquired CTi, a life sciences translation and linguistic validation company, in November 2015 to expand its service range and technology offerings.

Adjusted earnings per share increased by 25.6% from 3.9p to 4.9p.

However, RWS said profit was adversely impacted by about £1m because of foreign exchange movements.

Nevertheless, chairman Andrew Brode said the first half had been a period of strong progress despite a "low-growth world economic environment".

He said the board was confident about further progress in the second half with robust trading in the first two months of the period, supported by favourable currency movements.

The group raised its interim dividend by 12% to 1.15p.