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Interim Results

Spectris profits fall 4%

25 July 2017 09:40

Spectris (SXS), which makes specialised measuring instruments and controls, reported a 4% drop in adjusted pre-tax profit to £63.8 million for the first half, due to Project Uplift costs of £8.8 million.

Sales rose by 5% to £710 million on a like-for-like basis.

The company said Project Uplift is moving into the next phase of the shared service centre project and is on track to deliver the projected benefits.

The company plans to make further investments but said expectations for the full year remain unchanged.

The dividend per share has been increased by 6%.

At 9:40am: (LON:SXS) Spectris PLC share price was -165p at 2469p

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