FW Thorpe Plc Reports Steady Growth and Increased Dividends

The latest announcement is out from FW Thorpe Plc ( (GB:TFW) ).

FW Thorpe Plc reported steady financial performance for the six months ending December 31, 2024, with a 1.4% increase in revenue to £83.8 million and a 4.6% rise in profit before tax to £11.2 million. The company saw growth in its UK operations, particularly Thorlux and Zemper, while Dutch operations faced challenges. The board approved a 3.5% increase in interim dividends, reflecting confidence in future profitability despite rising costs. Investments in new machinery and electric vehicles aim to enhance efficiency and reduce environmental impact, while the company maintains a strong order book and balance sheet.

More about FW Thorpe Plc

FW Thorpe Plc is a group of companies specializing in the design, manufacture, and supply of professional lighting systems. The company focuses on providing innovative and environmentally friendly lighting solutions, with a strong emphasis on technical advancements and customer service.

YTD Price Performance: -5.66%

Average Trading Volume: 35,103

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £354.4M

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