Shares in Campbell Brothers Limited (ASX:CPB) shot up yesterday after the mineral testing and consulting company forecast a record first half result.
Campbell Brothers is tipping its interim net profit after tax could rise by more than 36 per cent, to between $90 million and $95 million.
The forecast comes on the back of growth in its recently acquired businesses and favourable market conditions.
At the start of July Campbell Brothers acquired UK company Stewart Group for $220 million, and says it expects the business to contribute $60 million in revenue this year.
Yesterday shares in Campbell Brothers jumped 5.34 per cent to finish at $47.15.
In the 2011 financial year, Campbell Brothers increased its net profit by 75 per cent to $132.3 million.
