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Babcock Says Remains Confident Of Delivering Good Progress This Year

Babcock International Group Plc (BAB.L) provided interim management statement for the period from October 1, 2011.

The company noted that trading conditions for the Group remain positive and its performance remains consistent with its expectations at the time of half year results announced on November 8, 2011.

Babcock stated that within its markets, customers continue to experience financial and budgetary constraints and this economic environment is creating opportunities for the company's distinctive engineering based, long-term support model. Besides, order book and bid pipeline have remained stable at around 12 billion pounds and 10 billion pounds, respectively, since last reported in November.

Looking forward, the company said it remains confident of delivering good progress this year, in line with its expectations, and looks forward to building on this further in 2012/13.

by RTT Staff Writer

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