Judges Scientific holds guidance after strong first half

18th Jul 2023 08:16

(Sharecast News) - Precision instrument maker Judges Scientific on Tuesday said was confident of meeting annual guidance after strong growth in first half revenue and orders.

Organic revenue for the six-months to June 30 was up 17% year on year, while order intake increased 14%.

"The board expects the growth in organic revenues to have produced double digit profit growth in the first half, albeit at a slower rate than revenue growth as measures taken to compensate for the inflationary pressures observed in [late 2022] are progressively having an impact," the company said in a trading update.