Intertek Group plc Reports Earnings Results for the Half Year Ended June 30, 2021
July 30, 2021 at 02:00 am
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Intertek Group plc announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was GBP 1,317.6 million compared to GBP 1,330.6 million a year ago. Operating income was GBP 184.5 million compared to GBP 146.9 million a year ago. Net income was GBP 114.9 million compared to GBP 95.2 million a year ago. Basic earnings per share from continuing operations was GBP 0.713 compared to GBP 0.591 a year ago. Diluted earnings per share from continuing operations was GBP 0.709 compared to GBP 0.586 a year ago.
Intertek Group plc is one of the world's leading groups specializing in analysis, control and certification of products and systems. Net sales break down by activity as follows:
- control and certification services for consumer goods (63.4%): including food, pharmaceuticals, textiles, beauty products, consumer electronics, toys, shoes, home appliances, cars. Also, the group is developing an activity to monitor the certification of international standards;
- monitoring and assessment of petroleum and agricultural products (19.9%). Besides, Intertek Group plc offers inspection services to government system and regulators to support commercial activities, contributing to the movement of goods across borders;
- development of quality assurance solutions (16.7%): for the supply chain of oil, gas, nuclear and mining industries.
At the end of 2022, the group operated more than 1,000 inspection offices and laboratories in the world.
Net sales are distributed geographically as follows: the United Kingdom (6.4%), the United States (30%), China and Hong Kong (18.5%), Australia (5.5) and other (39.6%).