Meggitt delivers positive set of results for 2012

Meggitt, the FTSE 100 global engineering group, posted an upbeat set of results for 2012, with revenue and profit up, net debt lower, and a 12 per cent increase in the dividend.

Meggitt, the FTSE 100 global engineering group, posted an upbeat set of results for 2012, with revenue and profit up, net debt lower, and a 12 per cent increase in the dividend.

Underlying pre-tax profit for the year came in at £362.8m, up 12% from £323m the previous year, on revenues of £1,605.8m (2011: £1,455.3m).

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