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(Alliance News) - FTSE 100-listed Halma PLC on Thursday reported record revenue and profit in the first half of its current financial year
The Amersham, England-based safety equipment provider posted revenue of GBP737.2 million for the six months to September 30, up 19% on the prior year's GBP618.4 million.
Pretax profit in the half year jumped 74% year-on-year to GBP167.5 million - including a GBP34.0 million gain on the disposal of Texecom - from GBP96.3 million. Halma disposed of electronic security systems company Texecom Ltd for GBP65 million in August.
The company said it has completed ten acquisitions in the first half and one further small acquisition since the period end.
Halms increased its interim dividend payout to 7.35 pence from 6.87p paid a year before.
"Our full year outlook is unchanged, despite variable overhead costs returning and continued impacts on revenue, costs and working capital from increased supply chain, logistics and labour market disruption. In the second half of the year, we expect more typical rates of revenue growth and return on sales, with the latter more in line with historical levels," said Chief Executive Andrew Williams.
Halma shares were trading 2.3% lower in London on Thursday morning at 3,053.00p each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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