Mon, 31st Oct 2016 12:36
(ShareCast News) - Turbo Power Systems told investors it expected to break even for the year and that it had received various "expressions of interest" from potential buyers of the company. The manufacturer of high-performance electric motors and generators said operating profits in terms of earning
Read moreShares in Turbo Power Systems bounced about on Tuesday as the electrical power systems provider swung back to break-even in full-year results. Revenues rose 24% to £4.08m and a minuscule profit before tax of £0.03m replaced the £1.44m loss from 2013. The AIM-listed company said new projects signed
Read moreElectrical machines and electronic systems manufacturer Turbo Power Systems has reached an agreement with TAO Sustainable Power Solutions to extend its loan deal by one year. The new agreement with TAO, which is Turbo Power's major shareholder with an 89% stake in the business, means the repayment d
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