Pressure Technologies, the niche manufacturer of high pressure storage systems and biomethane upgrading plants, announced that the final results to September 2011 showed sales of £23.1 million (2010: £21.7 million), adjusted operating profit of £1.0 million (2010: £3.5 million), pre-tax profit of £578,000 (2010: £3.5 million), adjusted EPS of 6.0p (2010: 22.2p) and DPS of 7.2p (2010: 7.2p). The results include an exceptional charge of £382,000 (2010: £nil).
The company reported that the results comprised Cylinders with sales of £11.0 million (2010: £19.1 million) and operating profit of £1.4 million (2010: £4.8 million), Engineered Products (comprising recent acquisitions Al-Met and Hydraton) with sales of £11.2 million (2010: £2.0 million) and operating profit of £1.1 million (2010: £nil), and Chesterfield BioGas with sales of £900,000 (2010: £700,000) and operating loss of £500,000 (2010: £(300,000)).
The PRES share price has decreased by 37% over the last year.
Pressure Technologies PLC is graded B by LCF Research. To learn more, follow the link.
