Judges Scientific lifts FY revenue, divi as pre-tax profit falls about two-thirds
Judges Scientific's shares nudged higher after the company improved its full-year revenue and dividend, but posted a roughly two-thirds drop in pre-tax profit.
FTSE AIM All-Share
755.45
12:00 26/04/24
Industrial Engineering
13,472.32
12:00 26/04/24
Judges Scientific
10,975.00p
11:19 26/04/24
Chairman Alex Hambro said 2016 was a year of contrasts for Judges with the completion of a record four acquisitions accompanied by a disappointing trading performance.
"Judges commences 2017 with a solid financial position, four new businesses, a strong order book and positive order intake since the start of the year, all of which provides a platform for a year of progress," said Hambro.
The company said revenue for the 12 months was £57.3m, from £56.2m. Pre-tax profit came in at £417,000, from £1.25m. Its total dividend was 27.5p a share, up 10%. Adjusted operating profit was £7.1m, from £9.3m.
At 11:19 GMT, shares in AIM-listed Judges, which was involved in the buy and build of scientific instrument businesses, were up 0.96% to 1580p each.