Fenner PLC reports record revenues, profits

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 £830.6m (euro 1035 million). Underlying operating profit was up 30 percent to £118.8m; operating profit up 30 percent to £107.6m.

In the conveyor belting division, underlying operating profit increased by 38 percent to £84.4m on revenues up 16 percent to £593.4m

The Advanced Engineering Products unit saw underlying operating profit and revenues both increased…

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