Alumasc (ALU) delivered its best performance since the recession as product innovation, new staff and further forays into the buoyant London and south-east construction markets drove underlying operating profit up 16 per cent to £9m. Investors cheered the news, sending shares in the building product supplier up 7 per cent on results day.
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New products and systems accounted for a fifth of full-year sales. Management's recruitment of "high calibre" staff also played a key role in driving growth. That was especially true for the group's roofing and walling segment: new talent helped it break into higher-growth markets and spurred a 22 per cent rise in divisional revenue.