July 31 Laird Plc, a British electronic components maker, posted a 57 percent rise in pretax profit for the first half, driven by growth in its performance materials division.
Profit before tax rose to 16 million pounds from 10.2 million a year earlier, while revenue rose to 252.6 million pounds ($427 million) for the six months ended June 30 from 243.5 million pounds a year earlier.
Laird, which makes electromagnetic shielding and heat-control devices for customers such as Apple Inc and Samsung Electronics Co Ltd, said it was on track to meet full-year expectations.
Laird's performance materials division designs and makes electromagnetic interference shielding, thermal management and signal integrity products. ($1 = 0.5911 British Pounds) (Reporting by Noor Zainab Hussain in Bangalore; Editing by Gopakumar Warrier)