Associated British Ports (ABP) plc expects its underlying pre-tax profits for 2005 to be “in line with market expectations”, the company said in a trading update.
ABP predicts operating profits from UK ports and transport activities to be 3% higher for the year.
The company says it is well positioned to deliver higher growth in its UK ports business during the second half of 2006, subject to the wider economic situation.
ABP has now completed £140.5m of its £205m share repurchase programme.
