StockMarketWire.com - Intertek reported rise in profit amid a boost from acquisitions, but the quality assurance company warned its performance would be hit by temporary supply chains disruption in China caused by the coronavirus outbreak.

Intertek said it was too early to quantify the impact of the disease on its performance.

For 2019, pre-tax profit rose 5.9% to £483m and revenue increased 6.6% to £3.0bn.

The improvement was driven by broad‐based organic growth of 3.3% at constant exchange rates, the contribution of the acquisitions and by a 180-basis-point benefit due to foreign exchange translation, the company said.

Intertek proposed a final dividend of 71.6p per share, up from 67.2p, taking the full-year dividend to 105.8p, an increase of 6.8%.

'Looking further ahead, the global quality assurance market will benefit from attractive growth prospects,' it said.

These would be driven by a number of factors, including increased focus of corporations on risk management, global trade flows, global demand for energy and expanding regulations.

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