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Calnex Solutions PLC - West Lothian, Scotland-based provider of test and measurement solutions for the telecommunications sector - Posts revenue of £12.7 million for the six months that ended on September 30, up 38% from £9.3 million a year earlier. Says revenue increase is due to a combination of ‘strong underlying growth and the impact of currency movements’. Pretax profit is up 34% to £3.1 million from £2.3 million. Declares an interim dividend of 0.31 pence per share, up 11% from 0.28p a year prior. Looking ahead, Calnex expects financial 2023 performance to be in line with expectations.
Chief Executive Officer Tommy Cook says: ‘We are pleased to deliver a strong financial performance during the period, significantly increasing revenue and profit, while continuing to invest in our team’s capabilities and offering.’
Current stock price: 157.25 pence, up 1.8% on Tuesday in London
12-month change: up 19%
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