LONDON (ShareCast) - (Sharecast News) - Building services provider Northern Bear reported first-half revenue of £30m in its interim results on Friday, up from £20.1m year-on-year, as its adjusted operating profit improved to £1.5m from £0.5m.
The AIM-traded firm said it had net cash of £0.6m at the end of its first half on 30 September.

It described its trading performance as "robust", despite the supply chain disruptions and staffing challenges facing the building industry, with the board reporting a "positive outlook" for the second half.

"We are pleased to announce strong operating results for the period, despite ongoing industry-wide challenges," said non-executive chairman Jeff Baryshnik.

"It is a testament to the executive team and subsidiary operating teams that these results exceed those from the comparable pre-pandemic period for the six months ended 30 September 2019.

"With a strong order book, we are well positioned to continue to generate a more normalised level of profitability."

At 0925 GMT, shares in Northern Bear were up 1.28% at 59.25p.

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