DIPLOMA HALF YEAR RESULTS
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May 14, 2018
in Investments
by The Mechanic
0 Comments

DIPLOMA HALF YEAR RESULTS

Good to see Diploma half year results showing Revenue up 8% at £234.9 Million and Profits up 9% at £40.6 Million.

Richard Ingram, Chief Executive, said: “Diploma has continued to deliver robust growth in revenues and earnings. During the first half of the year the Group’s businesses have taken advantage of the continuing strong global trading environment and delivered a good performance despite currency headwinds.  Acquisitions remain an integral part of the Group’s growth strategy although the generally stronger trading conditions in most markets have constrained acquisition activity in the first half of the year.  However, the pipeline of acquisition opportunities  remains healthy and work is continuing to bring some of these to completion before the end of the fiscal year.  This background, combined with a proven business model and strong balance sheet, provides the Board with confidence that the Group will make further progress this year and will continue its excellent track record of value creation for shareholders.”

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The Mechanic

The Mechanic

Traditionally I have been a growth investor generating decent returns. As an active growth investor my returns have been very respectable compared to the market but not compared to my Mechanical Trading Strategy – The ME way!

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The Mechanic

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