20 November 2024 - interim results
The industrial chains group has announced interim results for the six months period to 30 September. Revenues declined marginally to £123m with adjusted pre-tax profits being the same at £11.3m. Earnings per share on the same basis were over 10% higher at 4.2p due to a lower tax charge.
With the full year likely to see adjusted pre-tax profits of £23.5m for earnings per share of 7.5p we re-iterate our recommendation of BUY
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