Profits return to black at Metalrax
30th August 2011
POST-tax profits have returned to the black at Birmingham-based engineering and consumer durable products firm Metalrax.
The company, headquartered in Kings Norton, posted a profit of £100,000 for the 26 weeks ended July 3, 2011, a rise from the £400,000 loss it made in the corresponding period last year.
On-going revenues have also climbed year-on-year, from £26.6m to £31m, due largely to a growth in export sales, Metalrax said today.
Gross margins have fallen from 25.9% to 24.6% and o......for the full story register now for free or login below...
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