Full year figures from AIM-quoted Hargreaves Services (LON: HSP) were better than previously upgraded expectations. Profit is forecast to fall this year, but they will still be significant.
In the year to May 2022, pre-tax profit improved from £21.2m to £32.7m. That included a £27.3m contribution from German associate HRMS, up from £13.6m in the previous year. Higher commodity prices and increased volumes of minerals traded continued to boost the HRMS performance. The steel waste recycling business moved into profit, while the carbon pulverisation plant is fully operational and broke even.
The...
