LONDON Aug 2 Aggreko, the temporary
power provider for the London 2012 Olympics, posted a 23 percent
rise in trading profit for the first half, beating its
expectations, and said it would deliver good growth for the full
The world's number one temporary power provider reported
underlying trading profit of 159 million pounds ($248 million)
on revenue of 734 million pounds, up 16 percent on the same
The company said on Thursday it had made a successful start
to the London Olympics, with over 550 generators and 1,500
kilometres of cable deployed on 44 sites in a contract worth
around 55 million pounds.
"It's been a very successful six months," chief executive
Rupert Soames said in a statement.
"We have delivered what will be the world's largest contract
for temporary power for a major sporting event, in the form of
our work as the exclusive supplier of temporary power for the
Aggreko said in June that it expected first-half sales to
grow 15 percent, indicating a slowdown in the second quarter,
and underlying trading profit to rise about 20 percent.
The company, which provides generators to cover electricity
shortfalls and power major events, said it would spend about 415
million pounds on its fleet, in line with its previous guidance.