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News Release from: Hardide Coatings
Edited by the Manufacturingtalk Editorial
Team on 11 May 2006
Surface engineering turnover increased
Hardide, a provider of unique surface engineering technology, reports an increase in turnover to GBP 1,063,000 and gross profit up to GBP 653,000.
Hardide, a provider of unique surface engineering technology, announces its Interim Results for the six months ended 31 March 2006 The results of Hardide's wholly-owned operating subsidiary, Hardide Coatings, cover the trading period for the six months to 31 March 2006
This article was originally published on Manufacturingtalk on 14 Feb 2006 at 8.00am (UK)
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Highlights include the following.
* Turnover up to GBP 1,063,000.
* Gross profit increased to GBP 653,000.
* Loss before tax of GBP 238,000.
* Loss per share of 0.17p.
* Formal approved supplier status to BAE Systems.
* Houston, USA facility scheduled to commence production on 1 October 2006.
* New applications being successfully trialled.
Commenting on the results, Jim Murray-Smith, Chief Executive of Hardide, said: "These results demonstrate Hardide's continued strong performance and I am confident that this will continue in the months ahead.
The production facility in Houston will provide the Company with an ideal platform to satisfy existing strong demand and, importantly, will allow us to service new customers and provide new applications.".
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