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Chairman's Statement

Operational Review

Financial Review

Board of Directors
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2007 Interim Results

“Severfield-Rowen continues to make significant and sustained progress and delivered yet another set of record half year results. Profits, earnings per share, cash balances and dividends all increased significantly and we are particularly pleased with achieving a double digit operating margin.

“This progress is reflected in current trading being in line with management’s expectations. Our record order book gives us excellent visibility and we continue to operate in buoyant markets which are experiencing high demand for large scale projects. The integration of Fisher Engineering into the Group will enhance our geographical exposure, giving us a substantial foothold in the Irish market.

“With robust demand for the Group’s products and services continuing we are confident in the Group’s prospects for the second half and beyond.”

  
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