Turnover soars for Flowgroup but losses also rise

FLOWGROUP, the developer of efficient energy products, has announced a spectacular 142% increase in turnover to £33.4m (2013: £13.8m).

The Cheshire company’s preliminary results for the year ended December 31, also highlighted an operating loss of £10m (2013: £7.7m), reflecting infrastructure and resource costs “to support business growth and commercialisation”.

Key elements in the Capenhurst-based firm’s performances were the award of CE Certification from the British Standards Ins... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...