Invensys Profit Rises 5.5%

Invensys PLC

posted a 5.5% gain in its pretax profit in the half year-end. Invensys' pretax profit rose to 77.0 million pounds, from GBP73.0 million, in the year-ago period. Its revenue fell to GBP1.2 billion, from GBP1.24 billion. Invensys' operating profit rose to GBP93 million from GBP78 million. Its diluted earnings per share rose to 7.6 pence from 6.6 pence, while adjusted earnings per share gained to 7.6 pence from 6.9 pence. Invensys shares closed at $3.40 yesterday.