StockMarketWire.com - Paving specialist Marshalls said it was confident of 'at least' meeting expectations after first-half profits climbed 14% thanks to an uptick in sales to the public sector and commercial end market.

For the six months ended 30 June, pre-tax profit rose 14% to £37.1m as revenues increased 15% to £280.1m.

Sales to the public sector and commercial end market, which represented approximately 68% of group sales, increased by 21% compared with the prior year period, the company said. Poor weather in June, however, dented performance.

Edenhall, which was acquired in December 2018, had continued to trade strongly and its integration was well advanced, it added.

The company declared an interim dividend of 4.70 pence, up 18% on last year.

"The board is increasingly confident of at least achieving its expectations for 2019," Marshalls said.



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