Brief: Flowtech Fluidpower Says HY PBT 1.6 Mln Stg Vs 3.1 Mln Stg

Flowtech Fluidpower

30/08/2023 07:18

Aug 30 (Reuters) - Flowtech Fluidpower PLC  FLOL.L :
    * HY PROFIT BEFORE TAX £1.6M VERSUS PROFIT BEFORE TAX £3.1M
    * H1 UNDERLYING OPERATING PROFIT 3.4 MILLION STG
    * EXPECT EXTERNAL ECONOMIC HEADWINDS TO CONTINUE TO BITE
THROUGH
H2 23 AND INTO 2024 WITH CONTINUED SLOWDOWN IN INDUSTRIAL
OUTPUT, PRODUCTION
    * HY GROUP REVENUE INCREASED BY 2.8% TO £59.1M
    * INFLATIONARY PRESSURES PARTIALLY OFFSET BY COST SAVINGS
INITIATIVES
    * HY UNDERLYING OPERATING PROFIT OF £3.4M, A DECREASE OF
£0.9M ON
COMPARATIVE PERIOD

Source text for Eikon:  ID: 
Further company coverage:  FLOL.L 

 (Reuters.Briefs@thomsonreuters.com)