Parent company releases half year results: Another solid performance

In the six months to 30.06.2018, Langley Holdings plc, the engineering and industrial group, reported a profit before tax of € 43.5 million on revenues of € 398.2 million.

Tony Langley, the group’s chairman, said in his half year review that the result “was in line with expectations and on the whole, very satisfactory.”

Profits before tax for the full year are forecast to be € 102.2 million on revenues of € 922.0 million.

Langley commented that all five of the group’s operating divisions are performing broadly as expected and that from today’s perspective, the forecast is achievable.

The group closed the half year with orders on hand of € 314.1 million, net assets of € 678.8 million, a consolidated cash balance of € 350.3 million and nil debt.

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