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UK's Diploma posts 17% rise in full-year profit  Join our daily free Newsletter

MENAFN - 19/11/2012

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(MENAFN) UK's Diploma Plc announced that its profit for the year ended September 30 jumped 17 percent to USD83.4 million, from USD71.28 million a year ago, reported Reuters.

The technical products supplier attributed the positive results to its seals business, which supplies hydraulic seals, gaskets, cylinders, components and kits for heavy machinery and industrial equipment.

It said that the segment accounted for 40 percent of overall revenue, and was the largest of the firm's 3 divisions.

Diploma, which also supplies fasteners to teams competing in the Formula One motor racing series, added that full-year revenue grew 13 percent, reaching USD413.13 million, with the seals business rising 13 percent on underlying basis.

 






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