(Reuters) -British engineering firm Senior reported a 10% rise in first-half adjusted operating profit on Monday, helped by its aerospace division on robust civil aerospace and defence demand. Rising
Senior Engineering Sees 10% Profit Growth Driven by Aerospace Demand
Senior Engineering's Financial Performance
(Reuters) -British engineering firm Senior reported a 10% rise in first-half adjusted operating profit on Monday, helped by its aerospace division on robust civil aerospace and defence demand.
Impact of Aerospace and Defence
Rising air travel demand, driven by growing disposable income along with increased defence spending amid heightened geopolitical tensions, has benefited firms like Senior, a key supplier to Boeing and Airbus.
Future Expectations and Trading Outlook
The company reported an adjusted operating profit of 31.2 million pounds ($265,760.00) for the half-year ended June 30, compared with 28.3 million pounds a year ago.
Senior reiterated its expectations for 2025 and said trading had been in line with expectation.
($1 = 0.7526 pounds)
(Reporting by Nithyashree R B and Raechel Thankam Job in Bengaluru; Editing by Subhranshu Sahu)
