Restructuring sets Pressure Technologies up for the future
Revenues were up at Pressure Technologies but forward-thinking restructures and difficult markets sunk pre-tax losses to £2.6m for the first half of the year.
This was widened from the £900,000 loss in the same period last year, but revenues increased to £17.7m for the 26 weeks to 1 April 2017, from £16.2m the year before.
Redundancy and restructuring costs primarily related to Pressure Technologies’ alternative energy division cost £400,000 and reduced headcount in that division by 12, which was already hit by regulatory... 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...
