Halma secures revenue and profit growth

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Halma secures revenue and profit growth
Master Investor Magazine

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The price of shares in FTSE 100 technology firm Halma (LON:HLMA) has risen by 2.10% to 1,943p (as of 11:25 BST) after it posted a 20% increase in profits before taxation for the year ended 31st March. Revenues from contininuing operations climbed 13% with growth in all major regions. Management said that the new year had started well and that order intake and revenues were both above their comparative levels for this point last year.

CEO Andrew Williams commented: “Halma had a successful year, achieving record revenue and profit, delivering our 40th consecutive year of dividend per share growth of 5% or more and making further increased strategic investment supported by our strong balance sheet. We have a strong purpose, culture and growth strategy focused on niches in a diverse range of markets where demand is supported by resilient long-term growth drivers, offering us both organic and acquisition growth opportunities.

“The new financial year has started well, and order intake has continued to be ahead of both revenue and order intake for the comparable period last year. We expect to make good progress in the year ahead“.

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