Shares 

Alumasc doubles up

Alumasc (ALU) has continued to repair its problematic precision engineering business and grow profits at the building products division. Strip out one-off costs and interim operating profit more than doubled to over £3.1m, and management is confident of hitting full-year targets, too. They’ve doubled the dividend to prove it, but a sudden slump in demand in Europe proves there’s no room for complacency.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics