Gentek announces full year results
Gentek Group has released its financial results for the year ended 31 March 2008 which are ahead of the prior year and of market expectations.
Financial and operating highlights:
* Order book up 22%
* Revenue up 37%
* Adjusted operating profit* up 16
* Adjusted profit before tax up by 8% to
*Adjusted operating profit and profit before tax are before amortisation of intangible assets arising from business combinations and exceptional items.
Mehmet Cakmak, Chairman of Gentek Group commented: "I am pleased to report another strong year for the Group with results ahead of last year and of market expectations. Our leaner structure and low gearing, together with our geographic and market spread, equip us well to manage the challenges and to take advantage of the opportuities which will arise."
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