Temporary power and temperature control solutions group Aggreko claims to have had a 'very strong' first quarter, with both International Power Projects and the Local business growing underlying revenues by over a fifth. Underlying group revenues as a whole increased by 21% in the three months to March 31st 2012, while reported turnover rose 18%. Underlying trading margins were slightly ahead of last year.
Strike activity in the first quarter did not stop Egyptian gold miner Centamin from posting an increase in production compared to a year earlier. Total gold production for the quarter was 49,071 ounces, a 9% increase on the corresponding quarter in 2011. Despite industrial action hitting production, gold output was only marginally below budget, the company revealed.
Pubs group Punch Taverns said its interim results were in line with expectations, leaving it on course to meet full year targets. Underlying earnings before interest, tax, depreciation and amortisation fell to £128m in the 28 weeks to March 3rd from £139m in the corresponding period of the year before, while profit before tax retreated to £33m from £41m.
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