15 November 2021 - interim results

The AIM listed diversified industrial engineering group has announced its interim results for the six month period to 30 September which have revealed a strong recovery from the pandemic.  Revenues for the period were 34% higher at $34.0m (2020: $25.4m) whilst adjusted pre-tax profits rose to $0.7m compared with a loss of $0.6m in the same period last year.  Net debt now stands at around $14m and although this has increased since the year end in March this is due to an increase in working capital due the uplift in . . .

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