28th Apr 2015 07:45
LONDON (Alliance News) - Engineering company Hayward Tyler Group PLC on Tuesday said it has seen an improvement in margins in the second half of its financial year and anticipates revenue for the full year to be in line with its expectations.
Hayward Tyler said its underlying gross and operating margins improved in the second half of its financial year to the end of March.
"The group's on-going focus on margin improvement and expansion of our production capabilities, coupled with the strengthening of our balance sheet, puts Hayward Tyler in an increasingly well-placed position to capture significant opportunities across our chosen markets and achieve the board's growth ambitions," said Ewan Lloyd-Baker, Hayward Tyler's chief executive.
"The board remains confident in the short to medium term prospects for the business and looks forward to updating shareholders on progress over the course of the new financial year," Lloyd-Baker added.
Shares in Hayward Tyler were up 5.2% to 78.90 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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