LONDON -- Shares in AMEC (LSE:AMEC) lifted 2% in early trade, putting on 23 pence to reach 1,102 pence following the release of its interim management statement.
Trading for the year to date was confirmed as being in line with the British multinational consultancy, engineering and project management company's previous expectations, and guidance remains unchanged from the final results issued mid-February, which saw the dividend increased by 20%.
Management stated that the order intake and forward visibility "remained good", up to £3.7 billion compared to December 2012's figure of £3.6 billion and equal to March 2012's figure.
Chief executive Samir Brikho commented:
We continue to see good growth in conventional oil & gas, with new contract awards, such as the £68 million contract to deliver the hook up and commissioning services for the two new Clair Ridge platforms for BP and its co-venturers, boosting activity in the North Sea in particular.
The acquisitions made in 2012 are integrating well and the pipeline of further acquisition opportunities remains good. We remain on track to achieve our targeted EPS of greater than 100 pence ahead of 2015.
AMEC yields around 3.4% currently, with 3.7% forecast, but why not check out our new special free report if you're after more? "The Motley Fool's Top Income Share for 2013" could offer a 5.6% income, and might be worth 850 pence versus around 785 pence now. Simply click here to download the report now.
Sam Robson has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.