It has been a busy first eight months of the year for Flowtech with four major acquisitions completed and a successful £10.0m fund raise. In addition, today’s interim results indicate that all three divisions have seen organic and acquisitive growth despite the industrial market in the UK remaining difficult. Revenue increased 24.8% to £34.2m (HY16: £27.4m) with underlying operating profit increasing 11% to £4.5m (HY16: £4.1m). The solid trading provides in
12 Sep 2017
A strong performance in H1 with organic and acquisitive growth
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A strong performance in H1 with organic and acquisitive growth
Flowtech Fluidpower plc (FLO:LON) | 83.0 0 0.0% | Mkt Cap: 51.0m
- Published:
12 Sep 2017 -
Author:
Andy Hanson -
Pages:
9
It has been a busy first eight months of the year for Flowtech with four major acquisitions completed and a successful £10.0m fund raise. In addition, today’s interim results indicate that all three divisions have seen organic and acquisitive growth despite the industrial market in the UK remaining difficult. Revenue increased 24.8% to £34.2m (HY16: £27.4m) with underlying operating profit increasing 11% to £4.5m (HY16: £4.1m). The solid trading provides in