Somero Enterprises has improved its H1 pretax profit to $10.4m, from $8.2m, with revenue firming to $39.7m, from $35.3m. For the FY it expects another 12 months of growth in line with market views.
President and CEO Jack Cooney said:
"Somero Enterprises, Inc. is pleased to announce that the healthy trading momentum referred to in the Company's 12 July 2016 trading update has continued.
"Revenue grew 12% and Operating Income by 24% compared to H1 2015 with six of 11 regions reporting increased sales, led by strong performance in the Company's core North American, European and Chinese markets.
"On a product basis, the strong H1 2016 performance was driven by robust demand for recently launched new products - Mid line and Small line machines, 3-D Profiler Systems, and growth in Other revenues.
"Due to the solid H1 2016 results and continued healthy trading environment, the Board expects another successful year of growth in line with current market expectations."
At 9:41am: (LON:SOM) Somero Enterprises Inc share price was +2p at 167.5p