Avon Rubber's shares rise as H1 revenue, profit, dividend improve

Shares in Avon Rubber rose more than 4% as investors liked its improved revenue, pre-tax profit and dividend for the half year.

"The group has performed well in improved market conditions," said chief executive Paul McDonald, adding the results confirmed the group's six-month progress.

"I am confident the business is well positioned to deliver further growth and that there are additional opportunities to build a stronger business for the future."

For the six months, statutory pre-tax profit was £8.9m, which was up from £6.1m. Revenue came in at £81.1m, versus £66.3m. Interim dividend was 4.11p a share, frm 3.16p.

At 10:10 BST, shares in Avon Rubber were up 4.13% to 1109p each.