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. Flowtech said it ... For the full story register now for free or login below...
Close