- Avon Rubber, which provides gas masks to the US military, posted a 5.6% rise in first-half profit after improving margins helped offset a fall in revenue owing to currency movements.

Pre-tax profit rose to £9.4m, up from £8.9m in the previous corresponding period.

Revenue fell by 1.5% to £77.7m, though it rose 5.9% in constant currency terms.

The closing order booked jumped 17.7% to £40.6m, or 29.6% in constant currency.

Avon Rubber declared an interim dividend of 5.34p, up 30% on-year.

'We have delivered strong financial results, with underlying performance more than offsetting currency headwinds, whilst continuing to build the order book.' chief executive Paul McDonald said.

'We have also made further progress on the longer-term growth opportunities for our expanding product portfolio.'

At 1:32pm: [LON:AVON] Avon Rubber PLC share price was -15p at 1345p

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