Halma moves upwards as first-half results deliver

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Halma moves upwards as first-half results deliver
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The share price of FTSE 100 safety equipment firm Halma (LON:HLMA) has risen by 12.04% to 2,127p (as of 11:15 GMT) after it posted a 12% improvement in statutory profits before taxation for the six months ended 30th September. Revenues for the period were also up by 12%, driven by improvements in all regions and product groups.

CEO Andrew Williams said: “Halma made good progress in the first half, delivering record revenue, profit and dividends, while increasing strategic investment to remain well positioned in global niche markets which have resilient, long-term growth drivers. Our strong purpose and culture, our portfolio and geographic diversity together with our agile business model are enabling us to deliver a good performance in varied market conditions and to sustain growth and returns over the longer term.

“Since the period end, order intake has continued to be ahead of revenue and order intake last year. Halma remains on track to make further progress in the second half of the year and deliver another good full year performance“.

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