9th Dec 2016 08:59
LONDON (Alliance News) - Air purification technology provider MayAir Group PLC on Friday said its revenue for the first four months of the second half of 2016 grew substantially.
The company said revenue in the four months to the end of October rose to USD33.4 million, from USD19.0 million a year before, a 76% rise.
MayAir said its order book at the end of October stood at USD20.4 million, with the majority of this to be delivered in 2016 and a strong pipeline building for 2017.
"We are pleased to report a substantial increase in MayAir's performance in the four months since the end of the first half of 2016. We continue to focus all of our efforts on ensuring swift delivery against our growing order book with our factories currently operating almost at full capacity," said Yap Wee Keong, MayAir's chief executive.
The company added construction of its new factory in Nanjing in China is on schedule and on budget, with production set to commence from the site by the end of 2017.
Shares in MayAir were up 3.9% at 94.00 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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