Successful half year for Melrose sees revenue up 9%
30th August 2012
WARWICKSHIRE-based manufacturing turnaround specialist Melrose as seen half year revenues rise 9% with pre-tax profit up 16%.The firm, which has recently concluded the £1.5bn acquisition of German gas, water and electricity meter manufacturer, Elster, said it was now looking forward to enhanced growth.For the six months to June 30, 2012, revenue was £564.6m (2011: £516.6m), while pre-tax profit came in at £81.9m (2011: £70.7m).Headline diluted earnings per share on continuing business was up 44% at 8.2......for the full story register now for free or login below...
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