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Interim Results

AB Dynamics pre-tax profits up 50%

26 April 2016 09:23

AB Dynamics' pre-tax profits rose by 50% to GBP2.26 million in the six months to the end of February.

Revenues increased 34% to GBP10.11 million and the interim dividend is up 10% at 1.21p per share.

Managing director Tim Rogers said: "The group continues to perform well with increased sales in Europe and Asia and our strategic alliance with Williams is an exciting development that will enable us to develop new products and solutions for our automotive customers.

"We have a good forward order book for the remainder of the year and we remain confident in the group's ability to manage future growth. We are pleased to announce that the directors are declaring an interim dividend of 1.21p per ordinary share."

At 9:23am: (LON:ABDP) AB Dynamics Plc share price was +30p at 467.5p

Story provided by StockMarketWire.com

Related Company: ABDP

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