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Intertek Group   Half-yearly EPS increased 16.1%

Intertek Group H1 pre-tax profit increased 7.3%

IntertekIntertek Group, a provider of quality and safety services, said its first-half pre-tax profit increased 7.3% year-over-year to 149.2 million pounds from 139.1 million pounds.

Adjusted pre-tax profit increased 15.1% to 172.5 million pounds. Compared with last year, half-yearly earnings per share increased 16.1% to 70.0 pence from 60.3 pence on a statutory basis. Adjusted earnings per share were 74.5 pence for the first six months of 2016.

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READ MORE Intertek Group revenue increased 12.7% to £774m

During the first half of 2016, revenue rose 13.6% to 1.20 billion pounds from 1.06 billion pounds in the prior-year period.

The company's board of directors approved an interim dividend of 19.4 pence per share to be paid on 14 October 2016 to shareholders on the register at close of business on 30 September 2016.

The interim dividend compares to a dividend of 17.0 pence per share in the same period last year.

Looking ahead, the company affirmed that it is on track to deliver robust full-year revenue growth at constant currency.

The company expects to continue to benefit from the acquisitions made recently and from solid organic growth at constant currency, with Group margins broadly stable year on year.




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