Judges Scientific posts record H1 profits as China recovers

by | Sep 20, 2023

(Sharecast News) – Judges Scientific on Wednesday posted record interim adjusted earnings on the back of higher order intake and a recovery in China and Hong Kong.
The company, which focuses on buying and developing firms in the scientific instrument sector, said adjusted pre-tax profit rose 33% to £12.8m. Revenue rose more than a third to £61.3m.

“In an improving business environment, the group’s operations continued to progress from the difficulties caused by the pandemic and the war in Ukraine with the first half of 2023 establishing new records in organic order intake, organic revenues and organic EBITA contribution,” the company said, adding that it was holding full-year guidance.

“Well-documented world tensions are unresolved and breed a tendency to reshore and buy local, a trend that is not ideal for the scientific community which thrives on free exchange and a cosmopolitan atmosphere.”

“Furthermore, vast government debt worldwide is aggravated by high interest rates, and those as well as inflation seem to always last longer than promised. Therefore, growth in research spending may be less smooth as a result.”

Reporting by Frank Prenesti for Sharecast.com

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!