Profits up 200% for Midlands motor manufacturer
Specialist sports car manufacturer, Morgan Motor Company has announced record profitability and growth.
The Malvern-based firm, the largest British-owned motor manufacturer, has seen a 19% year-on-year growth in revenue.
Group margins increased by more than 12% compared with 2016 and pre-tax profit jumped by 200%, benefiting from strong sales overseas.
The strong performance is testament to the long-term strategy rolled out for the business by chairman Dominic Riley, together with managing director Steve Morris and the family... 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...
