16th Nov 2021 09:36
(Alliance News) - Home repairs and improvements firm HomeServe PLC on Tuesday raised its interim dividend as it reported an 86% jump in profit in the first half of its current financial year.
HomeServe posted pretax profit of GBP18.9 million in the six months that ended September 30, up from GBP10.1 million a year before. Revenue rose by 14% to GBP610.5 million from GBP536.7 million.
The company explained that growth was driven by strong performance in North America, Home Experts and Continental Europe.
The Birmingham-based company increased its interim payout by 10% to 6.8 pence from 6.2p paid a year before.
"This is another very good set of results for HomeServe, with significant progress across all areas of the business," said Founder & Chief Executive Richard Harpin, adding: "Our ambitions for the current financial year are unchanged, which means that we expect to deliver an acceleration in performance this year, followed by significant longer-term growth."
FTSE 250-listed HomeServe shares were trading 3.5% higher in London on Tuesday morning at 886.50 pence each.
By Evelina Grecenko; [email protected]
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