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The latest update is out from Alumasc ( (GB:ALU) ).
Alumasc Group PLC reported a strong performance for the first half of the fiscal year, with a 20% increase in revenue to £57.4m and a 19% rise in underlying profit before tax to £7.5m. The company’s growth was fueled by both organic development and the acquisition of ARP Group, which boosted revenues and synergies in the Water Management division. Despite challenging market conditions, Alumasc maintained robust operating margins and improved cash generation, supporting its investment plans and strategic initiatives. The company remains confident in its ability to outperform the UK construction market through innovation and sustainability-focused products, with a strong outlook for continued growth in export markets.
More about Alumasc
Alumasc Group PLC is a company specializing in sustainable building products, systems, and solutions. It operates in the construction industry with a focus on water management, building envelope solutions, and housebuilding products. The company emphasizes sustainability and has positioned itself to leverage the growing demand for green building materials.
YTD Price Performance: -7.14%
Average Trading Volume: 56,647
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £104.6M
For a thorough assessment of ALU stock, go to TipRanks’ Stock Analysis page.