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Water temperature components supplier Strix maintained its dividend even as first-half profit fell 12.5% as the pandemic weighed on sales.
For the six months ended 30 June 2020, pre-tax profit fell to £10.1m on-year as revenue slipped 21% to £34.7m.
Gross profit margin increased to 39.7% from 37.9%, owing to cost efficiency measures in excess of £3m delivered during the half, the company said.
The company maintained its interim dividend of 2.6p and said it remained committed to delivering a full year dividend of 7.7p in line with 2019.
Looking ahead, Strix said 14 new products were ready to be launched by the end of 2020.
At 9:15am: (LON:KETL) Strix Group PLC share price was -4p at 233.5p