Share Prices & Company Research

Market News

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
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.