The close of a tumultuous 2009 saw the Pressure Technologies group pleased to announce a strong set of preliminary results for its full financial year, ended 3rd October 2009.
As the holding group of Chesterfield Special Cylinders and Chesterfield BioGas, Pressure Technologies saw its revenue jump to £26.2m for the year, up from £23.7m in 2008.
In addition, operating profit (£5m) and underlying operating profit (£5.4m) both witnessed increases against 2008 figures, while pre-tax profit experienced a marginal increase too, rising from £5m in 2008 to £5.1m in 2009.
The figures are all the more impressive when considering the difficult economic year that 2009 undoubtedly was. But what else do these results mean for the group? Such figures ensure a basic earnings per share of 32.1p and a strong balance sheet – net cash increased to £7.9m from £5.9m in 2008.
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