22 November 2023 - interim results
The UK's leading tools and equipment hire services company has announced solid results for the six month period to 30 September 2023. Despite challenging trading conditions, revenues only declined by 2.9% to £208.5m (2022: £214.8m) although adjusted profit before tax fell 56% to £5.9m (2022: £13.4m). Earnings per share on the same basis fell by a similar amount to 0.98p (2022: 2.19p) and the interim dividend was maintained at 0.8p. Net debt edged up slightly to £89.6m (2022: £86.7m). The fall in profitability was . . .
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