30th Jul 2020 14:07
Ultra Electronics Holdings PLC - London-based defence engineering company - Reported revenue up 6.7% year-on-year to GBP413.1 million in the six months ended June 30 from GBP387.1 million the year before. The company credited lower selling, general and administrative expenses due to altered working arrangements and progress on transformation initiatives for revenue hike. Ultra Electronics swung to a pretax loss of GBP29.8 million from a GBP37.9 profit the year before. Final year dividend for 2019 of 39.2 pence per share will be paid on September 18, along with 2020 interim dividend of 15.4p.
Current stock price: 2,370.00 pence
Year-to-date change: up 12%
By Neetika Kurup; [email protected]
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