Total revenue increased an impressive 28% to £27.4m (HY15: £21.4m) on the back of acquisitions that underpinned growth in all three divisions of the business. This led to a 33% increase in gross profit to £9.6m (HY15: £7.2m) resulting in a 19% increase in operating profit to £4.1m (HY15: £3.4m) on margins of 14.8%. The interim dividend increases 5% to 1.84p (HY15: 1.75p), in line with expectations for FY16. The detailed trading statement released ahead of r
13 Sep 2016
Interim results
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Interim results
Flowtech Fluidpower plc (FLO:LON) | 81.3 0 0.0% | Mkt Cap: 50.0m
- Published:
13 Sep 2016 -
Author:
Andy Hanson -
Pages:
8
Total revenue increased an impressive 28% to £27.4m (HY15: £21.4m) on the back of acquisitions that underpinned growth in all three divisions of the business. This led to a 33% increase in gross profit to £9.6m (HY15: £7.2m) resulting in a 19% increase in operating profit to £4.1m (HY15: £3.4m) on margins of 14.8%. The interim dividend increases 5% to 1.84p (HY15: 1.75p), in line with expectations for FY16. The detailed trading statement released ahead of r