12 September 2024 - interim results

The building products group has announced its interim results to 30 June and these have revealed a decline in turnover to £158m (2023: £180m) although adjusted pre-tax profits rose to £8.8m (2023: £8.7m).  The decline in revenues was as a result of lower PVC input prices which reduced previously levied surcharges and subdued demand in the company's core markets.  However, operating profit margins increased to 7.6% (2023: 6.6%).  Adjusted earnings per share were similar to 2023 at 4.76p (2023: 4.82p) and the interim dividend was raised to . . .

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