IN BRIEF: Severfield half year revenue topples on lower production
21st Nov 2023 14:21
Severfield PLC - North Yorkshire, England-based structural steel group - Says revenue in the half year ended September 23 fell 8.3% to GBP215.3 million from GBP234.9 million a year prior. Says the decrease reflects a drop in revenue in its Core Construction operations amid weaker production activity. Pretax profit ticks up by 7.8% to GBP11.0 million from GBP10.2 million. Operating costs decreases 9.4% to GBP203.3 million from GBP224.4 million the year prior. Lifts interim dividend by 8% to 1.4 pence per share from 1.3p in the same period a year ago. Looking ahead, says businesses remain well-positioned to benefit from "excellent" longer-term growth opportunities. Read More