Fluid power specialist on right track and confident of future
Technical fluid power products specialist Flowtech Fluidpower reported improved revenues and pre-tax profits, from continuing operations, for the year to December 31, 2018, today.
The AIM-listed group achieved turnover of £111.1m, compared with £78.3m a year ago. Pre-tax profits of £6.92m were up from £6.04m in 2017.
Skelmersdale-based Flowtech has also proposed a 5% increase in the full dividend, from 5.78p to 6.07p per share.
Net debt, however, has risen from £14.9m to £19.9m, today's figure show.
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