Chemring profits rise, holds guidance
By Frank Prenesti
Date: Tuesday 13 Dec 2022
(Sharecast News) - UK defence firm Chemring Group on Tuesday reported a rise in annual pre-tax profit as it maintained guidance for the current year.
The company posted pre-tax profit for the year to October 31 of £51.8m compared with £48.8m a year earlier. Revenue rose13% to £442.8m.
Chemring said around 86% of fiscal 2023's expected revenue was covered by its order book, valued at £651m, with around £403m scheduled for delivery during 2023.
The board declared a final dividend of 3.8p a share, bringing the annual payout to 5.7p a share, up from 4.8p.
Reporting by Frank Prenesti for Sharecast.com
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