8 September 2022 - interim results
Melrose has announced interim results for the six months to 30 June and these have come in slightly ahead of expectations with revenues on continuing operations up by over 4% to £3.88bn with pre-tax profits 12% higher at £128m. Diluted earnings per share were 22% ahead at 2.2p and the interim dividend has been raised 10% to 0,825p. However, although these results were very sound, the most important part of the results' announcement was the news that the group is to demerge GKN Automotive and GKN Powder Metallurgy, with the demerged . . .
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