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Judges Scientific raises dividend, but H1 profit falls as virus impact dents revenue

By BFN News | 10:03 AM | Tuesday 22 September, 2020


Scientific instrument sector investor Judges Scientific raised its dividend and said it had 'cautious confidence' of meeting market expectations for the year despite a fall in first-half profit. For the six months ended 30 June 2020, pre-tax profit fell to £4.3m from £6.9m on-year as revenue decreased 12% to £37.4m. 'Performance was impacted by the outbreak of COVID-19 and the subsequent difficult trading conditions associated with lockdowns across the globe,' the company said. The company raised its interim dividend by 10% to £16.5p a share. Many of the orders that were not obtained had been deferred rather than cancelled, it added. Organic orders to 18 September fell 13.8% on-year, and year-to date orders were now 16.2% down. At 10:03am: (LON:JDG) Judges Scientific PLC share price was +50p at 5150p Story provided by StockMarketWire.com

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