Flowtech Fluidpower plc (FLO.L), a London-based fluid power industry engineering component distributor, reported a decrease in pre-tax profit for the first half, despite improved revenues. The profit before tax reduced to 0.1 million pounds from 0.3 million pounds a year ago. Loss per share was 0.23 pence compared to profit per share of 0.41 pence in the prior year. Loss before tax from continuing operations amounted to 0.08 million pounds, from profit of 0.34 million pounds a year ago. On a continuing operations basis, loss was 0.15 million compared to profit of 0.25 million a year ago. Total Revenue increased 2.1% to 56.90 million pounds from 55.71 million pounds a year ago. Looking forward to the second half of 2025, the firm affirmed that with momentum in top line, improved gross margin, and lower cost base, the board is confident that it will be a period of higher profitability and strong cash generation. The Group affirms to trade in line with the Board's expectations for the full year ending on December 31 and build towards mid-term mid-teen EBITDA goals. The earlier announced consensus market forecast for fiscal year 2025 was revenue of 120.2 million pounds and adjusted EBITDA of 8.4 million pounds In the London Stock Exchange, the shares were trading 7.89% higher at 66.35 pence.
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