UK's Genuit falls as H1 profit declines on Middle East woes

Genuit

11/08/2026 08:44

** Shares of sustainable water solutions manufacturer Genuit Group GENG.L fall as much as 7.5% to 282 pence
** Co reports H1 underlying operating profit of £43.9 million ($59.3 million) about 1.6% lower than £44.6 million a year earlier
** Co says it was impacted by the Middle East conflict and wet weather earlier in the year; Expects challenging market conditions to persist for the rest of the year
** Co maintains FY forecast
** So far this year, GENG fell about 10%, including session's losses
     
(1 British pound = $1.3507)

(Reporitng by Jahanvi Kothari in Bengaluru)
((jahanvi.kothari@thomsonreuters.com))