Consultant engineer wyg (WYG) kept the earnings momentum coming with its full-year results. Following on from a bullish trading update in March, the group reported a sevenfold increase in earnings per share to 6.4p as its UK business returned to the black.
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The order book was up 12 per cent to £87m with further wins since the year-end, including a £28m Libyan opportunity announced with the results. Signalling confidence in the outlook, wyg announced it would resume dividends after a six-year hiatus. N+1 Singer has upgraded its 2014-15 earnings per share forecast by 10 per cent to 6.4p, with 8.8p forecast for the following year.
