Intertek Group plc (ITRK.L) reported that its revenue grew 9.9% in the four month period from 1 January to 30 April 2013. The revenue growth was made up of organic growth at constant exchange rates of 7.0%, favourable currency movements and the benefit of acquisitions made in 2012 and 2013.
The adjusted operating profit for the Group increased slightly in the period. The company said the margin is below last year's level following the impact of the sharp profit decline in the minerals business.
Wolfhart Hauser, CEO of Intertek, said: "Revenue grew well overall in the period against high comparable growth from last year and in a more variable economic environment than we had expected at the beginning of the year. Looking ahead, whilst we expect the margin drag from the minerals business to reduce in the second half, its effect is expected to leave full year Group margin broadly stable with the prior year."
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