LONDON (ShareCast) - Dewhurst said its first half of the year was better than compared with the year before, but a weak UK market dragged down its revenues.
The electrical equipments group saw its revenues drop slightly to £22.8m from £23m as the General Election affected its UK sales during the second quarter.

UK sales were also hurt by weaker performance in its lift and transport divisions.

On the bright side, pre-tax profits increased 4% to £2.2m thanks to a strong performance overseas, especially in the US, Asia and Australia.

The group also declared a dividend of 3p to be paid in August, an increase of 7% from last year.

Looking ahead, government's possible restrictions on public spending will have an impact its public sector sales, which will keep the UK market weak.

It also warned a further fall in the Australian and Canadian currencies will hurt its full-year profits.

Shares fell 5.53% to 555p on Tuesday at 11:09.

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