Chief Executive Officer of Aggreko, Ruper Soames, was not able to tickle the funny bone of investors as he joked, “We might get the tiddlywinks championship, if we’re lucky”. The comment made by Soames was an excuse for the lack of profits earned this year.

Apart from slim profits, the Company witnessed a massive drop in share costs as they tumbled down to 1390p with a drop in share prices by a massive 6.65%. Aggreko is known to provide generators, heaters and dehumidifiers in big events; however, an absence of such events has led to the Company not profiting this year.

In complete contrast to this year, the Glasgow Company made windfall profits in 2010; they were helped by the Winter Olympic held in Vancouver and the FIFA World Cup in South Africa.

According to the figures released by Aggreko, it has increased the annual dividend by a massive 50% and has reported pre-tax profits of £307.1 million. However, it won’t be until 2012, before the Company sees encouraging signs for business, as it might sign an exclusive deal for the Olympics.

It has further warned that the volatile situation I the Middle East and North Africa will further worsen profits in the time to come.