Robust performance for pipe manufacturer
Pipe manufacturer, Genuit, has continued to outperform its peers and gain market share as it revealed a robust set of results.
In the six months to 30 June, revenue was up 9% to £297.8m, while pre-tax profits for the period increased 7% to £38.8m. Pre-tax profit was 7% to £38.8m.
The Leeds-based company said underlying operating profit of £44.6m, nudged up 2.3% year-on-year, despite the increased costs associated with the national insurance and national minimum wage hikes.
Joe Vorih, chief executive officer, said: “The ... 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...
