CPB campbell brothers limited

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    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.


 
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Currently unlisted public company.

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