Redhall Group Submits Tenders for Hinkley Point Contract

LONDON--Industrial manufacturing and services supplier Redhall Group PLC (RHL.LN) said Monday it has already submitted some tenders, and plans to do more for the Hinkley Point C contract, and trading for fiscal 2016 has been in line with expectations.

Redhall, which has submitted the contracts via its manufacturing businesses Booth Industries and Jordan Manufacturing, said the timing of work for these tenders varies, but awards are expected to be announced to the successful bidders mid-2017.

Redhall added that Redhall Marine hasn't been awarded the previously announced BAE contract as it was unable to submit a compliant tender due to the increased level of risk. The interim contract that Redhall Marine has been working under since December 2015 is expected to end in January 2017.

The group said its high integrity manufacturing businesses, Booth Industries and Jordan Manufacturing, have secured significant orders since the group's interim results on June 8, resulting in a total manufacturing order book of 21 million pounds ($25.6 million) versus GBP17 million at the half-year.

Redhall said in a trading update: "The board continues to be encouraged by the level of opportunities and the growth in order book in the group's chosen markets within high integrity manufacturing."

The company also said it expects overall profitability for the year ending Sept. 30, 2017 to remain in line with market expectations.

Shares at 0730 GMT unchanged at 9.39 pence.

-- Write to Philip Waller at [e-mail]

(END) Dow Jones Newswires

October 17, 2016 03:49 ET (07:49 GMT)

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