Halma lifts dividend, guidance on expectations for stronger H2

Thu, 19th Nov 2020

Safety equipment company Halma upped its interim dividend and guidance on full-year profit on expectations for a stronger second half following a slip in profit in the first half of the year. The company now expected adjusted pre-tax for 2020/21 to be around 5% below 2019/20, compared with prior guidance of 5% to 10% below FY 2019/20, citing improved trading performance and plans to accelerate strategic investments in the second half of the year. For the 6 months to 30 September 2020, pre-tax profit fell 9% to £96.23 million year-on-year as revenue slipped 5% to £618.4m. The interim dividend was increased by 5% to 6.87p a share. Story provided by StockMarketWire.com

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