11th Feb 2016 07:58
LONDON (Alliance News) - Halma PLC Thursday said it expects to meet market forecasts for adjusted pretax profit for its current year to April 2 as it saw organic constant currency revenue growth continue in its second half.
The health, safety and environmental technology group believes current market forecasts are for an adjusted pretax profit in the range of GBP161.6 million to GBP171.5 million. This compares to an adjusted pretax profit of GBP153.6 million the year before.
The company said that its four sectors traded in line with the broad pattern that was established in its first half, with its Process Safety business continuing to see weakening demand from oil and gas related customers which has only partially been offset by growth in other markets.
It has seen a maintained strong performance in the US, whilst mainland Europe, the UK and Asia Pacific all saw steady progress. However, there has been continued weakness in South America and good growth in the Near and Middle East region.
Halma expects to report its full year results June 14.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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