Source - SMW
Flowtech Fluidpower reports an operating profit of £3.290m for the six months to the end of June - 9% up on last time.

Total revenues rose by 28% to £27.387m and gross profits increased by 33% to £9.551m. Underlying operating profits were up 19% at  £4.059m.

Chief executive Sean Fennon said: ""Flowtech remains confident in its ability to execute its proven strategy to develop in its technically specialised sectors in the UK and internationally.  The Company is recognised as a skilled and resilient business operating in a fragmented fluid power distribution market.  

"In addition to organic sales growth there remains a number of opportunities to further enhance Flowtech's multi-channel approach through; its investment in people and increased sales resource, the ongoing development of Exclusive Brand and OEM product offering, as well as through earnings enhancing acquisitions."
At 9:59am: (LON:FLO) Flowtech Fluidpower Plc share price was +1.51p at 130.63p

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