ERJ staff report (DS)
London – Belting manufacturer Fenner PLC has reported record sales for the 12 months to 31 August 2012. The company said sales increased by 16 percent to Â£830.6m (euro 1035 million). Underlying operating profit was up 30 percent to Â£118.8m; operating profit up 30 percent to Â£107.6m.
In the conveyor belting division, underlying operating profit increased by 38 percent to Â£84.4m on revenues up 16 percent to Â£593.4m
The Advanced Engineering Products unit saw underlying operating profit and revenues both increased…