19th Jan 2015 10:06
LONDON (Alliance News) - Flowtech Fluidpower PLC said Monday it has performed in line with consensus market pretax profit expectations for 2014, with growth in its revenue and operating profit and with margins being maintained.
Flowtech Fluidpower said the consensus market expectations for its 2014 pretax profit before exceptional costs is GBP5.95 million.
The company said that Primary Fluid Power, which it acquired last August for GBP9.8 million, has continued to trade at expected levels, and integration plans are progressing "as envisaged".
The fluid power products supplier said it its confident and optimistic it can continue to grow its business both organically and through acquisitions as opportunities arise.
Fluid power is the use of fluids under pressure to generate, control, and transmit power.
Flowtech Fluidpower said it is scheduled to announce its full-year results April 14.
Shares in Flowtech Fluidpower are untraded Monday. It last closed at 130.79 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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