Pressure Technologies, the niche manufacturer of high pressure storage systems and biomethane upgrading plants, announced that the interim results to March 2011 showed sales of £10.3 million (2010: £9.7 million), adjusted operating profit of £100,000 (2010: £1.8 million), pre-tax loss of £309,000 (2010: £1.5 million profit) and DPS of 2.4p (2010: 2.4p). The results include an exceptional charge of £100,000 (2010: £nil).

The company reported that the results comprised CSC sales of £4.3 million (2010: £9.1 million) and contribution of £278,000 (2010: £2.1 million), Engineered Products sales of £5.1 million (2010: £517,000) and contribution of £169,000 (2010: £16,000), and Chesterfield BioGas sales of £870,000 (2010: £4,000) and loss of £113,000 (2010: £(169,000)).

The CSC contribution of £278,000 was made up of a loss in Q1 and a profit in Q2, with the improvement continuing into H2. Period end net cash was £2.7 million.

The PRES share price has decreased by 3% over the last year.

Pressure Technologies PLC is graded B by LCF Research. To learn more, follow this link.

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