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The FTSE-100-listed distribution and outsourcing company said in a trading update that performance has been in line with expectations since the start of the second half of the year, with "the favourable impact of cost-reduction techniques" helping to boost overall margins.
Shares in the firm climbed on the stock market following the announcement, jumping 14.5p to 650.5p at 14:49 BST, having previously reached a day high of 655p.
It revealed that it is currently in the process of discussing the possibility of an acquisition with a number of potential targets, adding that it has "strong cash flow" and a healthy balance sheet.
However, differences in opinion regarding pricing means that progress on any deals is being limited.
Earlier this month, the company announced that Philip Rogerson is to become its new chairman.
Mr Rogerson will replace Jeff Harris, who currently holds the position in an interim capacity, in March next year.
