15 November 2023 - interim results
The AIM-listed supplier of industrial chains and power transmission equipment has reported excellent results for the six month period to 30 September. Revenues for the period were up almost 8% at £125.3m, but adjusted pre-tax profit increased by an impressive 54.8% to £11.3m (2022: £7.3m). Earnings per share on the same basis were up 40.7% at 3.8p (2022: 2.7p) and again there is no interim dividend. Net debt also fell during the period by £1.5m to £28.3m (31 March 2023: £29.8m) despite spending . . .
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