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.
Aerospace and Defence
11,646.40
15:45 15/11/24
-1.54%
-182.21
Avon Technologies
1,234.00p
15:44 15/11/24
0.49%
6.00p
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
FTSE Small Cap
6,802.32
15:45 15/11/24
n/a
n/a
"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.