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Renew profits soar by over 50 per cent

Renew have announced pretax profits of £7.2 million, up 55 per cent from last year despite a virtually unchanged turnover.

The group, which saw total sales rise to £348 million from £342 million, also saw a strong growth in its order book and cash reserves.

The specialist builder said it has hit all its targets and continues to grow its business organically. It said it has strong fundamentals for the future.