11th Feb 2014 08:38
LONDON (Alliance News) - Halma PLC said Tuesday that it expects to see pretax profit in the range of GBP139 million to GBP140 million for the full year ending March 29, as it saw continued revenue growth in all of its regions and sectors despite the increased strength of sterling.
The safety, health and environmental technologies company said that its order intake had remained slightly ahead of revenue in the first six months of the year as all four of its sectors generated revenue growth.
The company said it had seen a strong underlying performance in its Process Safety and Infrastructure Safety business. Its Medical business made slower progress, and its Environmental & Analysis business showed improvement. Halma said that the final stage of the reorganisation of businesses within Environmental & Analysis was proceeding well and would lead to one-off costs in line with its previous expectations of GBP1 million.
Halma said that it had seen continued growth in the Asia Pacific region, boosted by China. Growth in the UK improved, it said, and it continued to make good progress in Mainland Europe, although it saw lower growth in the US.
Halma said it expects to release its full-year results on June 12.
Shares in Halma were up 0.3% at 591.50 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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