Aircraft parts supplier Senior resumes dividend payouts – This is Money
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
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, …….
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