LONDON (ShareCast) - Public sector focused support services business Parkwood Holdings traded in line with expectations in the first half of 2008 and expects more of the same for the rest of the year.

New contract wins enabled the Parkwood Leisure division to post a 27% increase in revenues, while the division’s order book has grown by 33% to £329m.

Glendale, the “green services” division, was a mixed bag with the Ground Management and Countryside business growing revenues by 23%, but the Glendale Golf business saw profits decline.

The healthcare division is in a period of transition as it seeks to reposition itself as a medical services business.

“The Parkwood Group, with its order book standing at £530 million, is well placed to weather any downturn in the economy as it has a largely public sector client base and indexed linked contracts,” said Tony Hewitt, executive chairman.

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