Page last updated at 09:40 GMT, Tuesday, 25 August 2009 10:40 UK

Aggreko generates a profit surge

Aggreko site outside Beijing Olympic Stadium
The Beijing Olympics led to important contracts for Aggreko

The Glasgow based power generator supplier Aggreko said pre-tax profits for the first half of the year increased by 56% to £105.7m.

The company rents out generators for events such as the Glastonbury rock festival and the Beijing Olympics.

Earlier this month the firm announced a new £18.1m contract in Kenya.

It blamed a poor summer for reduced demand for air conditioning units but said that it achieved good performance in difficult economic conditions.

Full year results would be in line with expectations, the firm added.

Olympic success

Last year Aggreko supplied generators to the Beijing Olympics which powered camera and lighting equipment in a contract worth £22m.

The construction of the Olympic village in London will also use equipment supplied by Aggreko.

Aggreko employs 3,500 people worldwide with more than 200 based at its Glasgow headquarters.

The company was founded in 1962 in the Netherlands and demerged from Salvesen Group in 1997 to become a listed company on the London Stock Exchange.



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