Volex plc (VLX.L) reported that its first half statutory profit before tax was $22.0 million, up 2.3% from last year. Earnings per share, in cents, was 8.4 compared to 9.8. Underlying operating profit was $37.4 million, up 16.5%. Underlying earnings per share, in cents, was 14.2 compared to 13.7.
For the 26 weeks ended 1 October 2023, revenue was $397.5 million, an increase of 11.2% from prior year. Constant currency organic growth was 4.2%, for the period.
The Board remains confident in its ability to achieve long-term objectives and meet full-year market expectations.
The Board has declared an interim dividend of 1.4 pence, an increase of 7.7% on the previous year. The interim dividend will be paid on 10 January 2024 to those shareholders on the register on 1 December 2023.
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