14th Jun 2016 06:48
LONDON (Alliance News) - Safety, health and environmental technology company Halma PLC on Tuesday posted growth in profit for its recently-ended financial year, with organic revenue growth across its operations.
The FTSE 250-listed company, which makes gas detectors, security sensors and environmental monitoring products, said pretax profit for the 53 weeks to April 2 rose 2.0% to GBP136.3 million from GBP133.6 million in the comparable period a year earlier.
Revenue rose to GBP807.8 million from GBP726.1 million, up 11% year-on-year, with profit held back by costs related to the GBP193.0 million Halma spent on four acquisitions in the year and by higher research and development spending.
The group said it saw good organic revenue growth in all regions over the course of the year, with strong performances for its Infrastructure Safety, Medical and Environmental & Analysis and resilient demand in its Process Safety unit.
Halma will pay a final dividend of 7.83 pence per share, taking its total payout up to 12.81p from 11.96p.
"Halma has made excellent progress, once again delivering record revenue, profit and dividends for shareholders. During the year, we grew organically, made four acquisitions and further increased investment for organic growth through talent development, innovation and international expansion," said Chief Executive Andrew Wiliams.
Williams added that revenue and order intake since the financial year end has been ahead year-on-year and affirmed Halma's expectations for the current year.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Halma