StockMarketWire.com - IG Design said profit increased by more than fifth as the contribution of impact innovations, acquired last year, helped offset higher costs owing to the US-China trade war.

For the six months ended 30 September 2019, pre-tax profit was up 22% to £17.1m and revenue up 21% to £248.4m on-year, driven by organic growth and the full year effect of the acquisition of Impact Innovations, the company said.

The uptick in growth was achieved despite the backdrop of US-China tariff headwinds.

The interim dividend per share was increased by 20% to 3.0p.

'We made considerable progress made to mitigate tariff impact going forward which will benefit our performance in the coming year, IG Design said.

'With good forward visibility from our order book, which is at record levels, we remain on course to deliver full year performance in line with expectations and to exploit opportunities for further growth in 2021,' it added.


At 9:06am: [LON:IGR] IG Design share price was -6p at 642p



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