(Reuters) -British auto and aircraft parts supplier Senior Plc on Monday resumed dividend payouts after a more than six-fold rise in first half adjusted profit as planemakers ramp up production to serve the post-pandemic recovery in air travel. Revenue increased 16% to 402.2 million pounds ($489.80 million) in the six months to June 30, with adjusted profit before tax rising to 8.8 million pounds. "We will see more strong growth in 2023," Group Chief Executive David Squires told Reuters, adding second half performance will be in-line with the first half.
(Reuters) -British jet and auto parts supplier Senior Plc expects to resume dividend payouts this year after reporting a smaller annual loss on Monday and as it anticipates a recovery in the market for narrow-body aircraft. Senior, a supplier to Boeing and Airbus, expects higher production of single-aisle or narrow-body jets this year as a recovery in air travel for long-haul routes, which use wide-body jets, takes longer than expected. The British engineering firm, which sources some titanium from Russia, said it did not expect any major impact on supply from the Russia-Ukraine conflict, which has prompted Western nations to impose severe sanctions on Russia.