Gates reports sales increase in 2008

ERJ staff report (RD)

London, UK – Tomkins plc, owner of Gates Corp., formerly Gates Rubber, has announced its financial 2008 preliminary results.

In the company’s Power Transmission group, sales rose to $2 106 million (Euro 1 689 million) from $2 063 million in 2007, and adjusted profit was up from $266.8 million in 2007 to $229.6 million.

Sales in the company’s Power Transmission group increased “principally due to foreign exchange gains and price increases which more than offset lower underlying volumes from global…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with