StockMarketWire.com - Defence technology company QinetiQ grew its revenue by 8% to £392.5 million in the six months to 30 September, with 3% organic growth.

The company's profit after tax was £64.1 million on a statutory basis, a 29.5% increase over the prior year.

The interim dividend was lifted from 2p to 2.1p per share.

Steve Wadey, group chief executive officer said: "We have delivered a solid operational performance in the first half of the year despite challenging markets, achieving a 3% increase in organic revenue which builds on last year's growth.

"We are encouraged by the progress we have made to date. Over the medium term, investment in our strategy will enable us to help customers respond to their immediate security and economic challenges, win longer term programmes and contracts, as well as increase the group's share of revenue from international markets."


At 8:54am: [LON:QQ.] QinetiQ Group PLC share price was -10.6p at 209.4p



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