QinetiQ Group, has raised its interim dividend while maintaining its full year outlook after what it termed a "solid" half year performance saw profit and revenue rise.
For the half-year ended September 30, the aerospace and defence specialist revealed that pre-tax profit rose to £69.3m from £51.2m in 2016.
Revenue grew 8% to £392.5m from £361.8m the previous year before. On an organic basis, revenue grew 3% in what QinetiQ Chief Executive Officer Steve Wadey called as a "solid operational performance" despite "challenging" markets.
QinetiQ pointed out that the non-UK revenue share had grown from 21% of revenue the prior year to 26% in the latest period.
The company pointed to a stronger order book £2.04bn compared to £1.27bn for the same period in 2016. QinetiQ added that 89% of its financial 2018 revenues were already under contract.
Higher interim dividend
The FTSE 250 firm pushed its interim dividend per share 5% higher to 2.1p from 2p the previous year.