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Charter says economic trends uncertain
30 Jul, 2010 10:38
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Charter reported improved half-year profits but shares in the industrial engineer dropped after it said the future economic trends remain uncertain.
Adjusted pre-tax profit rose to £73.3m in the six months ended 30 June compared with £63.7m last time, while revenue was marginally lower at £840.4m from £846.2m previously.
The interim dividend increased to 7.5 pence to 7 pence in the same period last year.
"Overall, we are very encouraged by the results which have justified our expectations and enabled us to increase the interim dividend," said chief executive Michael Foster.
"Whilst the future economic trends remain uncertain, we believe that Charter is well positioned to continue to prosper."
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