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25 Jul 2019 | 09:43

Bodycote [profits fall amid 'challenging' automotive, general industrial markets

Bodycote reported a fall in profits following a decline in half-yearly revenues as 'challenging' automotive and general industrial markets weighed on second-quarter performance.

For the six months ended 30 June, statutory pre-tax profits fell to £64.4m from £69.1m and revenue fell 1.5% to £366.5m from a year earlier. The company reported 18.3% return on sales performance despite high inflationary pressure from labour and utility costs. The fall in half-yearly profits comes as the company reported that trading conditions deteriorated in the second quarter, though said a number of areas of the group's business remained strong and comparatives in the second half become easier. The interim dividend was raised 5.3% to 6.0p a share. The company left its expectations for the full year unchanged.

At 9:43am: (LON:BOY) Bodycote PLC share price was -7.25p at 747.75p

Story provided by StockMarketWire.com
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