RAIL business at Lloyd’s Register ’grew very strongly’ in the 12 months to June 30, Executive Chairman David G Moorhouse announced on November 24.
The group’s Energy & Transportation division income was up 4% on the previous year. Within the division Oil & Gas income grew 5%, Industry fell 5%, and Rail grew by 26%, albeit from a low base.
Total income from continuing operations across all parts of Lloyd’s Register Group was up 12% to £367m, producing a surplus of £21·8m.
According to Moorhouse the company is ’continuing with our strategy of internationalising’ its safety, verification and consultancy services, and a number of opportunities for acquisitions are under ’active investigation’.