Mincon Group Plc (MCON.L), a maker of rock drilling tools, Tuesday reported profit before tax from continuing operations of 1.05 million euros for the first half, compared with loss before tax of 867,000 for the same period a year ago. Including discontinued operations, profit before tax was 2.41 million euros.
Operating profit increased to 5.37 million euros from 249,000 last year. Operating profit from continuing operations was 4.09 million euros.
The company posted net profit of 1.71 million pounds or 0.77 cents per share compared with net loss of 983,000 pounds or breakeven per share a year ago. Net profit from continuing operations was 669,000 pounds or 0.30 cents per share.
Revenue was 74.053 million pounds and revenue from continuing operations was 74.048 million pounds. This compares with the prior-year period revenue of 68.01 million pounds.
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