- Bodycote reported a fall in profits following a decline in half-yearly revenues as 'challenging' automotive and general industrial markets weighed on second-quarter performance.

For the six months ended 30 June, statutory pre-tax profits fell to £64.4m from £69.1m and revenue fell 1.5% to £366.5m from a year earlier.

The company reported 18.3% return on sales performance despite high inflationary pressure from labour and utility costs.

The fall in half-yearly profits comes as the company reported that trading conditions deteriorated in the second quarter, though said a number of areas of the group's business remained strong and comparatives in the second half become easier.

The interim dividend was raised 5.3% to 6.0p a share.

The company left its expectations for the full year unchanged.

At 9:43am: [LON:BOY] Bodycote PLC share price was -7.25p at 747.75p

Story provided by