Profits up sharply8 Sep 2021 15:42
(Alliance News08/09/21)
Somero Enterprises Inc - Fort Myers, Florida-based concrete levelling equipment company - Posts pretax profit for the first half of 2021 of USD23.5 million, up sharply from USD7.5 million a year ago. Revenue almost doubles to USD64.4 million from USD35.3 million. "First half 2021 was a record setting six-month period for the company led by very strong trading in North America, and strong contributions to growth from international markets and new products," says company. Declares interim dividend of USD0.09, up from USD0.04 a year ago. "We maintain a confident, positive outlook for the remainder of 2021 and anticipate delivering record levels of revenues and profits to shareholders for the year," company adds. Somero shares rise 14% to 535.00p each on Wednesday.