Latchways cushions declining profit with increased dividend

Latchways, a company which designs, makes and sells a range of fall protection systems, has posted a decline in group pre-tax profit as a result of what it describes as a 'poor start to the year'.

Latchways, a company which designs, makes and sells a range of fall protection systems, has posted a decline in group pre-tax profit as a result of what it describes as a 'poor start to the year'.

In the six months ended September 30th, group revenues dropped 9% year-on-year from £20.6m to £18.8m, of which £0.7m was caused by euro weakeness. This pushed pre-tax profit from £5.0m to £3.6m, and earnings per share totalled 24p, compared to 32.67p in the same period the previous year.

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