9th Aug 2021 14:11
Mincon Group PLC - engineering company specialising in design, manufacture and sale of rock drilling tools - Reports pretax profit of GBP8.0 million in the six months ended June 30, up 4.2% from GBP7.7 million a year before. Revenue rises3.6% year-on-year to GBP67.0 million from GBP64.7 million. Says strong performance in European construction and mining industries and in the US mining industry was offset by the continued impact of the virus pandemic in Australia and South America. Declares interim dividend of 1.05 euro cents, compared to none the previous year. Notes a strong order book for the second half. Expects product development projects and global platform to deliver growth in the coming year.
Current stock price: 110.00 pence, down 2.7% on Monday afternoon
Year-to-date change: up 8.9%
By Scarlett Butler; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Mincon Grp