GKN plc (GKN) reported pretax profit of 212 million pounds for the six months ended 30 June 2015 compared to 224 million pounds, a year ago. Profit attributable to owners of the parent decreased to 163 million pounds from 183 million pounds. Earnings per share from continuing operations was 9.8 pence compared to 11.0 pence.
On a management basis, profit before tax was 307 million pounds compared to 296 million pounds. Earnings per share was 14.5 pence compared to 14.4 pence, on a management basis.
Sales were 3.62 billion pounds compared to 3.56 billion pounds. On a management basis, sales were 3.85 billion pounds compared to 3.83 billion pounds.
The Board of GKN has decided to pay an interim dividend of 2.9 pence per share, an increase of 4%. The interim dividend will be paid on 21 September 2015 to shareholders on the register at 14 August 2015.
separately, GKN plc announced that it has agreed to acquire Fokker Technologies Group B.V. from Arle Capital for an enterprise value of 706 million euros. Fokker is a specialist tier one aerospace supplier in aerostructures, electrical wiring systems, landing gear and associated services, across commercial, military and business jet end markets. Its headquarters are in the Netherlands.
For comments and feedback contact: editorial@rttnews.com
Business News