Halma PLC raises interim dividend after good start to second half


Full-year adjusted profit before tax is expected to be at the upper end of guidance, which is 5% below last year

() raised the interim dividend after a good start to the second half, with order intake ahead of revenue and up on the same period last year.

As a result, adjusted profit before tax is expected to be at the upper end of guidance, which is 5% below last year.

READ: Halma hold profit guidance steady as revenue declines gradually ease

The manufacturer of lift door sensors and medical instruments raised dividend for the six months to September 30 by 5% to 6.87p per share.

In the same period, revenue and adjusted profit before tax dipped 5% to £618mln and £122mln respectively. Net debt was £315mln.

All the FTSE 100 major markets were affected by COVID-19, with growth in the US and China offset by declines in Mainland Europe and Asia Pacific. The UK was its weakest region with revenue down 17%.

However, revenue momentum improved during the period and has continued into the second half to date, the firm said.



Read More: Halma PLC raises interim dividend after good start to second half

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