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The British multinational reports £7.44 billion of six-month revenue.
Ferguson declares £1.3 per share of a special dividend on Tuesday.
Ferguson plc (LON: FERG) said on Tuesday that its financial performance was resilient in the six months that concluded in January 2021. The company attributed its hawkish performance in recent months to excellent cost control and higher demand amidst the ongoing Coronavirus pandemic.
Chief Executive Kevin Murphy commented on the financial update on Tuesday and said:
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“While the outlook for the second half remains very uncertain, we expect to generate above-market revenue growth in good residential markets aided by increasing inflation.”
Varian set to ride the sustained expo wave for growth By CAO CHEN in Shanghai | China Daily | Updated: 2021-03-16 09:09 Share CLOSE Photo taken on Nov 2, 2020 shows the south square of the National Exhibition and Convention Center (Shanghai), the main venue for the 3rd China International Import Expo, in East China s Shanghai. [Photo/Xinhua]
Editor s Note:
Three years have passed since the first edition of the China International Import Expo. This new series of stories highlights the achievements and changes that enterprises have attained or experienced because of their participation in the annual event.
Buoyed by the positive impact of taking part in the China International Import Expo, Varian Medical Systems, a United States-based maker of devices and software for cancer treatment, is planning to expand its manufacturing facility in Beijing to better serve demands in the Chinese market.
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(Reuters) - Ferguson announced a special dividend and share buyback of about $400 million each on Tuesday after cost cuts and strong U.S. home improvement demand helped the plumbing and heating parts distributor increase first-half profit.
Tuesday’s results chimed with those of U.S. rivals Home Depot and Lowe’s Companies, both of which also benefited from stuck-at-home Americans snapping up building materials through COVID-19 lockdowns in Ferguson’s biggest market by sales.
London-listed Ferguson, shares of which also began trading in the United States this month, said half-year profit rose 12.2% as residential sales recovered on the back of a pick-up in the housing market.