AB Dynamics sees H1 underlying pre-tax profit rise

Shares in AB Dynamics fell more than 4% after its interim pre-tax profit, excluding share-option costs, rose 9% to £2.5m, with revenue gaining 9% to £11.0m.

Chief executive Tim Rogers said the company's first half was a solid one.

"We have a good forward order book for the remainder of 2017 and well in to next year which gives us confidence in meeting market expectations," he said.

AB Dynamics continued to invest in people, products and facilities, reaching a landmark of 100 employees.

"Separate commercial and business development teams have been established to create a group structure capable of supporting our large and growing customer base, whilst delivering new products and services to our customers," said Rogers.

Interim dividend increased 10% to 1.331p a share.

At 12:48 BST, shares in AIM-listed AB Dynamics were down 4.15% to 577.5p each.