July 29 Tyman Plc, a maker of window
and door hardware, said underlying pretax profit jumped 83
percent for the first half, driven by a robust rebound in
construction in Britain and North America.
The company, which also makes high-security locks and seals
for windows and doors for residential and commercial markets,
said its full-year expectations remained unchanged despite a
strong pound against international currencies.
Underlying pretax profit for the six months ended June 30
rose to 17.2 million pounds ($29.2 million) from 9.4 million
pounds a year earlier. Group revenue rose 35 percent to 167
All 7 analysts covering Tyman have a "buy" rating on the
stock, according to Thomson Reuters Eikon data.
($1 = 0.5892 British Pounds)
(Reporting by Aashika Jain in Bangalore; Editing by Gopakumar