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Morgan Advanced Materials FY Profit Rises; Organic Constant-currency Revenue Growth At 3.7%

Morgan Advanced Materials (MGAM.L) reported profit before tax of 84.6 million pounds for the year ended 31 December 2024 compared to 77.8 million pounds, last year. Earnings per share from continuing operations was 17.5 pence compared to 16.3 pence. Group adjusted operating profit increased to 128.4 million pounds from 120.3 million pounds. Adjusted earnings per share was 25.5 pence compared to 25.0 pence.

For the year ended 31 December 2024, revenue was 1.10 billion pounds, down 1.3% from prior year. Organic constant-currency revenue growth was 3.7%, for the period.

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by RTTNews Staff Writer

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