Judges Scientific plc (JDG.L), a manufacture of scientific instrument and services, Thursday reported higher pre-tax profit for the first half, led by increased revenue.
The company's pre-tax profit reached 6.6 million pounds from 5.8 million pounds last year.
Profit for the period attributable to owners of the parent grew to 4.8 million pounds from 4.2 million pounds last year. On a per share basis, the company reported earnings of 71.1 pence, higher than 62.3 pence in the prior year.
Adjusted pre-tax profit improved 17 percent to 12.6 million pounds from 10.8 million pounds last year. Adjusted earnings per share were 139.2 pence, higher than 121.6 pence a year ago.
Revenue increased 15% to 70.2 million pounds from 60.8 million pounds a year ago. Organic order intake grew 4% from the prior year.
Further, the company announced that the board is declaring an interim dividend of 32.7 pence per share, a 10% increase year-over-year, which will be paid on November 7 to the shareholders on the register on October 10.
Looking ahead, the company said its trading remains in line with market expectations. For fiscal 2025, the current consensus market estimate is adjusted basic earnings per share of 288.7 pence.
The firm's long-term secular growth drivers supporting scientific research remain intact.
On the London Stock Exchange, the stock was trading at 6,200 pence down by 1.27 percent.
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