APR sees 64pc revenue jump

TEMPORARY power provider APR delivered a bullish trading update yesterday, saying it saw growth accelerate in the past quarter with revenues up 63.5 per cent to $57.5m (£35.7m).

APR, which only re-listed in June after being taken over by Hugh Osmond’s Horizon vehicle, signed a new agreement to supply turbines to engineering group Pratt & Whitney yesterday and said its order book was robust, giving it a strong pipeline of new business.

The group also said it expected its full-year net profits to come in ahead of market expectations.