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Halma surged in London trading on Tuesday as the maker of hazard detection products reported better-than-forecast results.
Shares of Halma HLMA, +10.93% rose 10% after reporting a first-half adjusted pretax profit of £128.8 million, a gain of 14%, on revenue of £653.7 million, which was a gain of 12%. It lifted its dividend by 7%.
Halma said its order intake has continued to be ahead of revenue and order intake last year.
“These are very solid 1H20 Interims indeed. Across almost all metrics, Halma is ahead of consensus at the 1H20 stage, and order intake continues to run ahead of sales/last year’s intake,” said Andy Douglas, an analyst at Jefferies, in a note to clients.
The broader FTSE 100 UKX, +1.13% surged 1.17% to 7393.49 in an upbeat day for markets.
Advancers led decliners 1300 to 686 on the London Stock Exchange.
