Good vibrations at Spectris

Despite releasing a detailed trading update in January covering 2011, instrumentation and controls group Spectris still caught the market on the hop with better than expected profits before tax and a better than expected hike in the dividend.

Despite releasing a detailed trading update in January covering 2011, instrumentation and controls group Spectris still caught the market on the hop with better than expected profits before tax and a better than expected hike in the dividend.

Adjusted profit before tax rose 45% to £191.6m from £132.3m the year before. Statutory profit before tax rose 38% to £166.0m from £119.9m in 2010. Market expectations were for headline profit before tax of £185.5m.

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