Source - SMW
Restore has lifted its H1 pretax profit to £9.6m, from £7.1m, with revenue up at £55.4m, from £43.9m. Interim dividend was 1.33p a share, from 1p.

"We continued to make good operational and financial progress in the first half, in particular in integrating the Wincanton Records Management business acquired at the end of 2015 and in delivering an improved performance in document scanning," said CEO Charles Skinner.

"Following the end of the period, we announced the acquisition of PHS Data Solutions, which transforms our sub-scale document shredding activities to make Restore the second largest operator in an attractive market and additionally provides scope to realise synergies in records management and document scanning.

"Together, the addition of the Wincanton and PHS businesses have significantly enhanced our platform for growth.

"The second half of the year has started well and we remain confident of making progress in the remainder of 2016 to deliver a full year performance in line with current market expectations."

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