There were no problems with the full year figures of Hargreaves Services (LON: HSP) even though they were delayed. In fact, pre-tax profit was slightly higher than expected at £16.9m. The full year dividend is 36p/share. The value of the renewable energy projects in the land division is not reflected in the share price.
Pre-tax profit was lower because of the reduced contribution from the German HRMS business, although it did have a much better second half. This recovery should continue into the current year. EU sanctions on Russian pig iron has helped prices improve, which is good for the...
