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Diploma Plc H1 Profit Rises; Affirms Guidance - Quick Facts

Diploma plc (DPLM.L) said it has delivered a good first-half performance in line with its view. Looking forward, the Group said it is on track to deliver good growth in revenues with modest margin progression for the full year.

First-half statutory profit before tax was 40.1 million pounds compared to 35.4 million pounds, prior year. Earnings per share was 26.4 pence compared to 23.0 pence. Adjusted profit before tax increased to 45.5 million pounds from 40.4 million pounds. Adjusted earnings per share was 30.5 pence compared to 26.7 pence.

First-half revenue was up 11% year-on-year to 260.4 million pounds. Underlying revenue growth was 6%, for the first half period.

Johnny Thomson, Diploma's CEO said: "Acquisitions remain an integral part of the Group's growth strategy and although opportunities are very competitive, we remain optimistic about acquiring some quality businesses as the year progresses."

The Directors have declared an increased interim dividend up 10% to 8.5 pence per share. The dividend will be payable on 12 June 2019 to shareholders on the register on 24 May 2019.

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