11 November 2021 - interim results

The science and engineering company has announced interim results covering the period to 30 September 2021.  Revenue edged down from £603m to £600m.  Underlying profit after tax fell from £57.6m to £46.4m and on the same basis underlying earnings per share slipped from 10.1p to 8.1p.  The interim dividend was increased modestly from 2.2p per share to 2.3p, although this was anticipated as it represents a third of the payout from last year.  The shares remain out of favour and given that the company remains on track to meet . . .

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