Redhall Group expecting strong second half

6th Mar 2019 15:37

(Sharecast News) - Manufacturing and services company Redhall Group told shareholders on Wednesday that its market conditions remained "encouraging", and that it had a "strong" pipeline of opportunities, as investors gathered for the annual general meeting in London.The AIM-traded firm said group revenue in the year-to-date was "slightly ahead" of the same time last year, with overall performance for the full financial year expected to be strongly weighted towards the second half.That would be driven by increased activity on the Hinkley Point C programme, and a number of major infrastructure projects which were due to commence in the near term."The board anticipates that the full-year performance of the group will be in line with expectations," the directors said in their statement.Redhall also announced that Martyn Everett was stepping down from his position as chairman at a board meeting, held morning ahead of the annual general meeting.It said Everett would remain on the board as an independent non-executive director.