| £300m target for Amec |
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| Monday, 25 June 2007 | |
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Amec has revealed that its average net cash in 2007 is expected to exceed £300million. In addition it’s trading in core businesses, continues to be strong, particularly in Natural Resources. The board has also increased its overall expectations for 2007 by £10 million.
Chief Executive, Samir Brikho, said: We are making good progress in the divestment of our non-core businesses and settlement of legacy issues, our balance sheet is strong, and with average net cash of over £300 million, AMEC is very well placed for the next phase of its development." AMEC expects to announce interim results for the six months ending 30 June 2007, on Thursday 6 September. |
