Scotland business

World events boost power company Aggreko

Power units in the Caribbean
Image caption Aggreko is the world's biggest supplier of temporary power

Major events like the World Cup and the Winter Olympics have boosted profits at the Glasgow power company Aggreko.

The firm reported pre-tax profits of £125.7m in the first six months of the year, an increase of 19% on last time.

Aggreko is the world's biggest provider of temporary power and has upgraded its outlook for the year.

The firm, which is supplying cooling and power equipment for the Gulf of Mexico oil spill clean-up, said it planned to raise its interim dividend.

Chief executive Rupert Soames commented: "In the first half we have laid the foundations for another year of good progress.

"The record level of order intake in international power projects and the strong performance in our local businesses underline the strength and global reach of our business."

The World Cup helped increase the Glasgow-based firm's profits.

Aggreko provided temporary power and air conditioning at all 10 stadium venues during the football World Cup in South Africa.

Meanwhile, the Winter Olympics was the biggest project undertaken by the company's North American business.

More than 500 miles of cable were laid for the event, servicing 52 venues.

In a statement the company said it expected further good progress in the second half of the year, with full-year profits ahead of expectations.

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