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Dewhurst ( (GB:DWHT) ) has shared an announcement.
Dewhurst Group Plc announced record sales and improved profits for the year ending 30 September 2024, with group sales increasing by 11% to £64.4 million and profit before tax rising by 7%. The company experienced growth across all divisions, notably in the transport and highways sector and lift division, aided by its new business in Singapore. Despite challenges in North America and the UK, Dewhurst maintained a strong market presence, driven by operational initiatives and a focus on sustainability. The company is also investing surplus cash into its pension scheme and returning funds to shareholders, while continuing to invest in its Singapore operations to achieve long-term growth.
More about Dewhurst
Dewhurst Group Plc is a company engaged in the manufacture and distribution of electrical components and control equipment for industrial and commercial applications. The company operates in various sectors, including lift, transport, and keypad industries, with a focus on innovation and sustainability.
YTD Price Performance: 49.42%
Average Trading Volume: 396
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £73.68M
For an in-depth examination of DWHT stock, go to TipRanks’ Stock Analysis page.
