Aggreko's North American Revenues Rise 23% in 2012

Temporary power provider Aggreko reported pretax profit for 2012 rose 11 percent to 365 million pounds ($549.49 million), in line with market expectations. Underlying sales were 14 percent higher at 1.6 billion pounds. Its local business division, which operates mainly in mature markets, was boosted by a strong performance in North America, with reported revenues up 23 percent overall.

Growth slackened in the second half at Aggreko's international power projects business, which operates in developing markets. It forecasts that segment will continue to slow in the first half of this year, but prospects had "perked up a bit" in recent weeks, noted Chief Executive Rupert Soames.

For more about Aggreko's 2012 financials...