StockMarketWire.com - Intertek profits rose 5.9% in the first half of the year as acquisitions in 'attractive' growth and margin sectors bolstered growth.
For the 6 months to 30 June, pre-tax profits were up 5.9% to £226.1m as revenue rose 4.93% to £1.4bn.
Revenue growth was driven by 'broad-based organic growth of 3.0% at constant rates, by the contribution of the acquisitions we made recently in attractive growth and margin sectors and by a 210bps benefit due to foreign exchange translation,' the company said.
The company announced a half year dividend of 34.2p per share, an increase of 7.2% on last year.
'We are on track to deliver our 2019 targets of good organic revenue growth at constant rates, with moderate margin expansion and strong cash conversion. We expect good organic revenue growth at constant currency rates in each of our three divisions: Products, Trade and Resources,' said André Lacroix: Chief Executive Officer.
At 9:26am: [LON:ITRK] Intertek Group PLC share price was +137p at 5845p
Story provided by StockMarketWire.com
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