1/18/2012 2:25 AM ET
(RTTNews) - Diploma Plc (DPLM.L: News ), a UK-based supplier of specialized technical products and services, Wednesday said group revenues in the first quarter were 16 percent ahead of the comparable period last year. On an underlying basis, after adjusting for currency effects and acquisitions, revenues increased by 11 percent against the comparable period last year.
The company added that in the Life Sciences sector, revenues were 27 percent ahead of the comparable period last year, boosted by the contribution from CMI, acquired in December 2010, and strong sales of capital instrumentation.
In the Seals sector, revenues increased by 19 percent, with both the North American and European businesses experiencing strong demand and a good first quarter contribution from the recently established Chinese operation. In the Controls sector, revenues were 3 percent ahead of the comparable period last year, with a strong performance in the UK, but with trading in Continental Europe constrained by market uncertainty.
Looking ahead, the Group said it has made an encouraging start to the year and we see good opportunities for further development, both organically and through acquisition.
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by RTT Staff Writer
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