Mears Group PLC (MER.L) Thursday reported profit before tax of 32.05 million pounds for the first half, 5% up from 30.51 million pounds in the same period last year, primarily helped by lower cost of sales as well as administrative expenses.
Operating profit increased to 36.41 million pounds from 33.59 million pounds a year ago.
Excluding one-time items, adjusted operating profit was 31.57 million pounds, up from 30.33 million pounds last year.
Net profit rose to 23.75 million pounds or 27.68p per share from 22.73 million pounds or 23.12p per share a year ago.
Revenues for the period reduced 4% to 559.38 million pounds from 580 million pounds in the previous year.
The company has declared an interim dividend of 5.60p per share, to be paid on October 2, to shareholders of record on September 12.
For the full year, the company expects adjusted profit before tax to be modestly ahead of market expectations.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.