Aircraft parts supplier Senior resumes dividend payouts as post-pandemic air travel recovery boosts revenues

• First half revenues rose 16% rise to £402.2m; but profits halved to £11.1m 
• It will pay an interim dividend of 30p, having scrapped payouts in March 2020

By Camilla Canocchi for Thisismoney.co.uk

Published: 13:23 BST, 1 August 2022 | Updated: 13:32 BST, 1 August 2022

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A recovery in air travel has boosted revenues at Senior, with the London-listed aircraft and car parts supplier resuming dividends after more than two years.

Senior, which supplies parts such as airframes and engine build-up tubes to planemakers including Boeing and Airbus, posted a 16 per cent rise in revenues to £402.2million in the first half.

It attributed the increase to a ramp up in the production of planes and heavy duty trucks, as well as favourable exchange rates and ‘pricing benefits’. 

Senior expects to get a boost from Boeing resuming deliveries of its 787 Dreamliner

But pre-tax profit halved to £11.1million, from £22.3million in the first half of 2021, …….

Source: https://www.thisismoney.co.uk/money/markets/article-11068739/Aircraft-parts-supplier-Senior-resumes-dividend-payouts.html