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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.

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