17th Nov 2015 08:20
LONDON (Alliance News) - FTSE 250-listed safety, heath and environmental technology group Halma PLC on Tuesday said its pretax profit and revenue both edged higher in the first half as it posted sales growth across all sectors.
The company, which makes hazard detection systems, medical devices and environmental monitoring units, said its pretax profit for the half to the end of September was GBP64.2 million, up from GBP61.2 million a year earlier.
Revenue rose to GBP379.7 million, up from GBP340.9 million a year earlier, with robust revenue growth in all of its sectors. Halma said revenue and profit in constant currencies was strong in its Infrastructure Safety, Medical and Environmental & Analysis units, though its Process Safety arm's profit was hit by investments in the business and costs incurred from overhead cuts.
The group will pay an interim dividend of 4.98 pence per share, up from 4.65p a year earlier.
"Halma has made strong progress in the first half, achieving record revenue and profit in varied market conditions. Halma remains on track to make progress in the second half of the year in line with our expectations," said Chief Executive Andrew Williams.
Halma shares were up 2.9% to 778.00p early Tuesday, one of the best performers in the FTSE 250.
By Sam Unsted; [email protected]; @SamUAtAlliance
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