Product category:
Manufacturing orders, contracts, financial reports
News Release from: KMT Waterjet Systems
Edited by the Manufacturingtalk Editorial
Team on 25 August 2006
Water jet cutting sales are up by 25%
for KMT
KMT Waterjet Systems reported first half year net sales amounted to SEK 775 million - an increase of 25% and operating profit amounted to SEK 51 million, but orders were down by 6%.
KMT Waterjet Systems reported first half year net sales amounted to SEK 775 million - an increase of 25% and operating profit amounted to SEK 51 million, but orders were down by 6% The figures include the following
This article was originally published on Manufacturingtalk on 6 May 2008 at 8.00am (UK)
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* Order intake amounted to SEK 724 million (773 in previous year half) - a decrease of 6%.
* Net sales amounted to SEK 775 million (621) - an increase of 25%.
* Operating profit amounted to SEK 51 million (20).
Excluding a capital loss of SEK 14 million for the Pullmax companies, operating profit amounted to SEK 65 million for the period.
* The period's profit after tax amounted to SEK 27 million (34), equivalent to earnings per share of SEK 2.70 (3.41).
The previous year's result includes a capital gain of SEK 38 million from closed operations.
* KMT acquired the American company, Aqua-Dyne, for SEK 79 million.
The company was consolidated into KMT Waterjet Systems on 7 April 2006.
The remaining companies within Pullmax were divested on 14 June 2006.
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