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Markets News

HomeServe posts rise in adjusted profit, raises dividend

Nov 17 (Reuters) - British home repair services provider HomeServe Plc on Tuesday posted a 16% rise in first-half adjusted profit, helped by a surge in demand for home remodelling during COVID-19 lockdowns, and raised its interim dividend by 7%.

The company’s adjusted pretax profit for the six months ended Sept. 30 rose to 33.1 million pounds ($43.76 million) from 28.6 million pounds a year earlier. ($1 = 0.7564 pounds) (Reporting by Jasmine I S and Indranil Sarkar in Bengaluru; Editing by Ramakrishnan M.)

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