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Components supplier Essentra reported a fall in profit on lower revenue amid weakness in its filters business, driven by softer performance in China, and the Middle East.
For 2019, pre-tax profit fell to £36.3m from £65.5m on-year as revenue slipped 5% to £974m.
A strong performance in its packaging business was partially offset by a decline in its filters segment.
The full-year dividend was maintained at 20.7p per share. ?
'Heading into 2020, the macro economic environment remains uncertain, exacerbated by COVID-19. However, while our components division is more exposed to industrial segments with a certain degree of cyclicality, much of our group serves end-markets which are non-cyclical in nature,' the company said.
At 8:34am: (LON:ESNT) Essentra PLC share price was -31.9p at 333.5p