Fenner 12-month profits roar ahead on Chinese demand

Kingston, UK — Fenner PLC, the global engineer specialising in reinforced polymer technology, has announced an 88 percent increase in net profit for the year ended 31 August 2005. Operating profit, before goodwill amortisation and exceptional items, increased by 32 percent to £21.3m or €31.6 million (2004: £16.1m) on turnover up 20 percent to £313.0m or €465 million (2004: £260.6m).

In the Chairman’s statement, the company said, “Following a solid first half performance, Group profit before tax for the year increased 88 percent to £12.0m….

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