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Valve maker Spirax-Sarco first-half revenue rises 25 percent

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Valve maker Spirax-Sarco first-half revenue rises 25 percent

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(Reuters) – Spirax-Sarco Engineering Plc <SPX.L> reported a 25 pct rise in first-half revenue, helped by acquisitions, a weak sterling and strength in its operations outside the UK. Spirax-Sarco, which makes steam traps and pumps for industries such as food and beverages, healthcare, chemicals and power, said revenue rose to 428.6 million pounds ($556.7 million) in the six months ended June 30, from 344 million pounds a year earlier. The company said adjusted profit before tax rose 30 percent to 99.2 million pounds in the period.

(Reporting by Justin George Varghese in Bengaluru; Editing by Amrutha Gayathri)
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