Titon profit rises 8% as margins improve

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Window, door and ventilation system supplier Titon Holdings reported an 8% rise in first-half profit, driven by margin improvement.

Pre-tax profit for the six months through March increased to £1.12m, as revenue inched up 0.4%, to £14.3m.

Gross margin improved to 29.3%, up from 27.6%), due to an increased contribution from the company's European and US operations.

Titon held its interim dividend steady at 1.75p per share.

At 9:28am: (LON:TON) Titon Holdings PLC share price was +8p at 147.5p