StockMarketWire.com - Bodycote said Thursday it expected full-year performance would be 'marginally' ahead of expectations after reporting an increase in first-half profit and revenue.

For the six months ended 30 June, reported profit before tax rose 14% to £69.1m compared to the same period a year ago, and 16% higher at constant currency while revenue rose 6.4% to £368.0m.

General industrial revenues, which account for nearly 40% of overall revenues, were 9% higher to £145m with good growth specialist technologies.

Aerospace, Defence & Energy (ADE) revenues were up 8.8% to £142.7m, AGI revenues were up 8.6% to £225.3m, while specialist technologies' delivered growth of 11% at constant currency.

In the markets in which Bodycote operates, car and light truck contributed more than 85% revenues to its automotive business, which delivered 9.4% revenue growth to £110m.

Energy revenues, meanwhile, grew 20% to £31m, supported by ongoing recovery in onshore North American oil & gas,

The firm said it would pay a interim dividend of 10.8p per share, up from 10.1p per share a year ago.


At 9:29am: [LON:BOY] Bodycote PLC share price was +8.5p at 1034.5p



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