Listed manufacturer back in the black after strengthening performance
Hessle manufacturer Fenner has climbed from a pre-tax loss of £30m in 2016 to a pre-tax profit of £38.1m this year as the group moves from recovery towards sustainable growth.
Fenner's underlying operating profits rose by 59% to £59.1m in the year to the end of August, while revenues were up 14% at £655.4m, with the group posting an operating profit of £53.4m compared with a loss of £14.7m last year. It also reduced its net debt from £150m to £101m.
On the back of its strong performance, Fenner, which trades worldwide ... 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...
