British military equipment maker Chemring Group Plc (CHG.L), Tuesday in its interim statement said it reported a pre-tax loss for the six months to April 30, reflecting lesser revenues.
For the first half of the year, the company reported pre-tax loss of 8.8 million pounds, compared with pre-tax profit of 19.7 million pounds during the same period last year. Non-underlying items for the period were 34.4 million pounds, compared with 19.5 million pounds last year.
On an adjusted basis, underlying profit before tax was 25.6 million pounds, compared with prior year's 39.2 million pounds. After tax, half-yearly loss for the group was 3 million pounds, compared with 16 million pounds during the same period last year. Underlying earnings per share were down 35.6 percent to 10.3 pence per share. Revenues decreased to 297.4 million pounds from prior year's 333.3 million pounds.
Further, the Board declared an interim dividend of 3.4 pence per share payable on August 15 to shareholders of register on 26 July.
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