LONDON (AFX) - Avingtrans PLC said first-half trading was above
expectations, with all its operations, including the most recent acquisitions,
beating forecasts.
The AIM-listed group, which was set up to invest in precision manufacturing
companies, said in a trading statement that, on a like-for-like basis, its six
months to November order intake increased 67 pct before the contribution from
Crown, bought in June, and Metalcraft, bought in October.
Including Crown and Metalcraft, order intake was up 623 pct.
Sales rose 41 pct before Crown and Metalcraft and were up about 210 pct
including the two acquisitions. The order book increased 33 pct and 950 pct
respectively.
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