Chemring profits rise, holds guidance
Chemring Group
333.00p
17:15 07/01/25
1.83%
6.00p
UK defence firm Chemring Group on Tuesday reported a rise in annual pre-tax profit as it maintained guidance for the current year.
Aerospace and Defence
11,624.33
17:14 07/01/25
0.86%
99.19
FTSE 250
20,350.37
17:14 07/01/25
n/a
n/a
FTSE 350
4,537.45
17:14 07/01/25
n/a
n/a
FTSE All-Share
4,493.46
16:44 07/01/25
n/a
n/a
The company posted pre-tax profit for the year to October 31 of £51.8m compared with £48.8m a year earlier. Revenue rose13% to £442.8m.
Chemring said around 86% of fiscal 2023's expected revenue was covered by its order book, valued at £651m, with around £403m scheduled for delivery during 2023.
The board declared a final dividend of 3.8p a share, bringing the annual payout to 5.7p a share, up from 4.8p.
Reporting by Frank Prenesti for Sharecast.com