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Interim Results

Laird underlying operating profits jump

28 July 2017 07:35

Laird's underlying operating profit rose by 40% to £29.6m in the six months to the end of June following a much improved performance, with encouraging progress across all three divisions.

Revenues were up 25% at £440.5m and underlying pre-tax profits were up 47% at £24.1m.

Chief executive Tony Quinlan said: "This is a much improved first half performance. I am encouraged by the progress in all three divisions, which reinforces our expectations for the full year, which remain unchanged.

"The recovery has been underpinned by our relentless focus on driving operational improvements and this remains an ongoing priority for Laird.

"We are establishing stronger foundations which will leave us better placed to take advantage of the significant future growth opportunities that exist in our end markets."

Story provided by StockMarketWire.com

Related Company: LRD

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