Senior Plc (SNR.L) Monday said that its six-month profit rose from last year, helped by good results from all its divisions. Revenues were up 13 percent and the company reaffirmed its outlook for fiscal 2025. The company also increased its interim dividend for the first six months, from the previous-year period.
The manufacturer of high technology components and systems reported profit from continuing operations of 21.0 million pounds or 4.92 pence per share in the first half, higher than 15.6 million pounds or 3.68 pence per share in the year-ago period.
On an adjusted basis, six-month profit from continuing operations came in at 21.0 million pounds or 5.07 pence per share, compared to 19.4 million pounds or 4.69 pence per share in the previous-year period.
According to Senior Plc, pre-tax profit climbed to 22.8 million pounds from 17.8 million pounds in the same period last year. Adjusted pre-tax profit rose 13 percent during the given period to 25.3 million pounds from 23.0 million pounds in the first six months of 2024.
The company's half-yearly revenues rose 3 percent to 371.2 million pounds from 361.7 million pounds in the same period a year ago, helped by good performance in both divisions. Senior Plc added that operating profit was 29.0 million pounds during the first-half, up 22 percent from last year's 23.8 million pounds.
Looking ahead, the company said that the Board's full-year expectations for the continuing Group remains the same, on a constant currency basis. Senior Plc added that the annual outlook for the Aerospace division is unchanged, while the Flexonics division is expected to perform broadly in line with 2024.
For the Aerostructures division, the company still projects fiscal 2025 operating profit between 9 million pounds and 11 million pounds at constant currency.
The company announced an interim dividend of 0.85 pence per share, up 13 percent from 0.75 pence per share in the prior-year period. The dividend will be paid on November 14 to shareholders on the register at the close of business on October 17.
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