Shares digital

Provider of safety and quality services Intertek Group unveiled a 15.8% increase in full-year pre-tax profit.

The company also said it is well positioned to withstand an economic slowdown and sees another year of growth in 2008. Full-year pre-tax profit reached £105.8 million from £91.4 million on a revenue increase of 16.7% to £775.4 million.

Shares were up 47.5 pence, or 5% in early trade to 943.5p.

Intertek said that its full-year results were impacted by the average exchange rate for the US dollar being nearly 9% weaker against sterling. At constant exchange rates, revenue grew during the year 22.5%.

The company said that demand for its products and services is driven by product variety and innovation, growth in regulatory requirements and standards, and increasing environmental awareness.