UK's Renold gains on upbeat profit view
08/02/2023 09:19
** Shares of industrial machinery & equipment maker Renold
Plc RNO.L up 12% at 27p
** Stock among top pct gainers across all London-listed
shares .FTAS ; highest since July 13
** Co reports FY underlying operating profit above current
market forecasts with strong order intake from its North America
market
** Says order intake for 10-month period to Jan. 31
increased 19.2%, with slowed growth in Europe and India
returning to normal levels
** RNO reports turnover of 199 mln pounds ($240.67 mln) vs
158.7 mln pounds year earlier
** Delivers better-than-expected revenue with a record high
order book of 104.1 mln pounds
** Stock up about ~30% YTD
($1 = 0.8269 pounds)
(Reporting by Sruthi Narasimha Chari in Bengaluru)
((Sruthinarasimha.chari@thomsonreuters.com))