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Halma profits up 20% as revenues boosted by strong growth in infrastructure division

Tuesday, 11th June 2019
Halma saw annual profits rise by a fifth as revenues reached record levels, led by strong growth in its infrastructure division amid a 'significant' boost from acquisitions.

For the 12 months to 31 March, pre-tax profits rose 20% to £206.7m and revenue increased 13% to £1.2bn.

Growth was led by infrastructure division, where revenue increased by 17% to £409m, including 11% organic constant currency growth and a 6% contribution from acquisitions.

The USA, Mainland Europe and the UK performed strongly, but Asia Pacific growth was slower, at 5%, against a strong performance last year which benefited from some large contracts, the company added.

The company proposed to increase the final dividend by 7% to 9.60p per share.

'Halma had a successful year, achieving record revenue and profit, delivering our 40th consecutive year of dividend per share growth of 5% or more and making further increased strategic investment supported by our strong balance sheet,' said Andrew Williams, Group Chief Executive of Halma.

'The new financial year has started well, and order intake has continued to be ahead of both revenue and order intake for the comparable period last year. We expect to make good progress in the year ahead,'




Story provided by StockMarketWire.com

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