Melrose – Shareholders Rewarded For Sticking Out The Storm
Melrose Industries PLC (LON:MRO) said trading has been better than expected. Half year underlying revenues rose 5.6% to £3.8bn, reflecting a strong performance in Automotive and Powder Metallurgy. Q2 2021 hedge fund letters, conferences and more Underlying profits rose to £109m from a loss of £80m last year. However, including restructuring costs, those associated with acquisitions and disposals and amortisation charges, the group reported a loss of £151m. In addition to a 75p interim dividend, Melrose will return an additional 15p per share to shareholders, following the sale of Nortek Air Ma...