By Michele Maatouk
Date: Tuesday 28 Sep 2021
LONDON (ShareCast) - (Sharecast News) - Building materials distributor Lords Group, which recently listed on AIM, said on Tuesday that it swung to a first-half profit as revenues rose.
In the six months to the end of June, the company swung to a pre-tax profit of £4.5m from a loss of £0.3m in the same period a year ago as revenues increased to £179m from £124m. Lords proposed an interim dividend of 0.63p a share.
Lords highlighted a strong performance across the group and a notable record contribution from Lords Builders Merchants.
Chairman Gary O'Brien said: "Market conditions remained favourable in our core markets throughout the period and I am delighted to report on a very strong first half, which was subsequently followed by our successful AIM IPO in July.
"We have continued to focus on our stated strategy of bolt-on acquisitions and organic growth, with H1 2021 reflecting significant milestones in both channels. I am also pleased to report that the acquisition pipeline remains strong and we are in discussions with a number of potential businesses that would enhance the group's proposition."
At 1220 BST, the shares were down 5% at 134.44p.
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Currency | UK Pounds |
Share Price | 48.14p |
Change Today | 0.14p |
% Change | 0.30 % |
52 Week High | 72.50 |
52 Week Low | 41.00 |
Volume | 0 |
Shares Issued | 165.56m |
Market Cap | £79.70m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | 14-Sep-23 | 25-May-23 |
Paid | 06-Oct-23 | 27-Jun-23 |
Amount | 0.67p | 1.33p |
CEO | Shanker Bhupendrabhai Patel |
CFO | Christopher Michael Day |
Chair | Gary O’Brien |
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