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Hargreaves Services posts highest profits in seven years after strong German performance

Industrial group Hargreaves Services has posted underlying pre-tax profits of £32.7m despite a dip in revenue.

Announcing full year results to the end of May 2022, the business said it had seen particularly strong growth in its services arm and with its investment in German pig iron and zinc production joint venture HRMS. Investors were told how a significant earth moving contract for HS2 had boosted profitability as had two electrical engineering contracts worth £18m.

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