Norcros reports resilient trading and market share gains

Norcros plc (LON:NXR), the market-leading designer and supplier of high-quality sustainable bathroom and kitchen products, has announced its interim results for the six months ended 30 September 2024.

Financial summary

 6 months to30 September 2024 6 months to30 September 2023 % change 2024 v 2023
Revenue£188.4m£201.6m(6.5%)
Revenue constant currency LFL1 0.1%
Underlying operating profit2£19.7m£21.4m(7.9%)
Underlying profit before taxation2£16.4m£18.1m(9.4%)
Diluted underlying EPS214.1p15.6p(9.6%)
Operating (loss)/profit(£8.6m)3£15.3m(156.2%)
Underlying net debt2(£44.9m)(£46.6m)
Interim dividend per share3.5p3.4p
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