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Tyman profits lifted by Europe and America

25 July 2017 08:32

Tyman (TYMN), a supplier of engineered components to the door and window industry, reported a 4% increase in underlying like-for-like pre-tax profit to £31.4 million in the first half.

Like-for-like revenues increased by 2% to £260.4 million on a constant currency basis.

The company said the North American markets showed modest growth and there was consistent and sustained growth in Continental Europe.

UK markets remained relatively subdued.

Tyman increased the cumulative synergy guidance for its Giesse acquisition by 50% to €6 million by March 2018.

At 8:32am: (LON:TYMN) Tyman share price was +3.88p at 355.13p

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