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(AFX UK Focus) 2008-06-24 08:40
Turbotec Products FY pretax $3.18 mln vs $1.88 mln UPDATE
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LONDON (Thomson Financial) - Turbotec Products Plc. reported a 69.5 percent jump in its full-year pretax profit helped by a 19 percent rise in its sales and a 63 percent increase in its operating profit.

The heat exchangers and flexible connectors maker posted a pretax profit of $3.18 million for the year to March 31, 2008, from $1.88 million reported a year ago.

Revenue rose to $28.02 million for the period from $23.53 million earlier. Operating profit rose to $3.22 million from $1.97 million.

It has declared a total dividend of 6.7 cents a share, up from 5.8 cents in the previous year.

The company said order intake remains reasonably healthy and that it is optimistic about its future prospects.

tf.TFN-Europe_newsdesk@thomsonreuters.com ssr/kf1/ssr/ajb

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