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IN BRIEF: Judges Scientific lifts yearly dividend by 23%; profit rises

22nd Mar 2023 12:04

Judges Scientific PLC - London-based acquirer of scientific-instrument companies - Posts revenue of GBP113.2 million for 2022, up 24% from GBP91.3 million in 2021. Pretax profit is GBP16.0 million, up 0.6% from GBP15.9 million, as operating profit rises to GBP18.2 million from GBP15.6 million a year earlier. Adjusted operating profit is up 60% to GBP30.1 million from GBP18.8 million. Declares a final dividend of 59.0 pence per share, up from 47.0p a year prior. This takes its total dividend to 81p, up 23% from 66 pence in 2021. Looking ahead, says it is starting 2023 with a record organic order book. Notes solid growth in organic order intake for the first two months of 2023.

Chair Alex Hambro says: "I am pleased to report that your group has achieved new records in organic order intake, revenue and adjusted operating profit, despite contending with a challenging environment."

Current stock price: 8,640.00 pence each, down 3.1% on Wednesday around midday in London

12-month change: up 23%

By Xindi Wei, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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