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Pressure Technologies H1 Profit Up - Quick Facts

Pressure Technologies plc (PRES.L) Tuesday reported an increase in its half year profit, on 30 percent rise in its revenue.

Profit for the financial period rose to 0.97 million pounds or 8.5 pence per share from 0.35 million pounds or 3.1 pence per share prior year.

Profit before taxation stood higher at 1.33 million pounds, compared to 0.46 million pounds in the year ago period.

Revenue for the period was 16.41 million pounds versus 12.64 million pounds in the same period last year.

The company said in a statement that the board believes all opportunities across the markets remains good and its ongoing investments to broaden customer spread which ensures to deliver further growth.

The company declared interim dividend of 2.6 pence per share, to be paid on August 8, to shareholders on the share register at the close of business on July 12, 2013.

by RTTNews Staff Writer

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