Raymond improves net

ELECTRICAL appliance maker Raymond Industrial has reported a rise in taxed profits for the six months to June 30. It said profits soared to $5.03 million from $981,000 for the same period last year.

Turnover rose to $191.31 million from $126.89 million. Earnings per share were 2.1 cents, against 0.4 cents previously, but the dividend dropped to three cents from four cents.