Energy Technique posts solid quarterly results

(ShareCast News) - Fan coils manufacturer Energy Technique said the formal sale process to find a buyer is still underway.The London-listed company said trading in the three months to June had laid the foundations for what it hoped would be a successful 12 months to March next year.Sales in the period rose 3.5% year-on-year to £2.9m, while pre-tax profit climbed 2.3% to £258,000."Enquiry levels remain high and the order book is strong," the company said."Improved UK fan coil market demand that started two years ago is expected to continue for the year ending 31 March 2016 and beyond."Energy Technique shares were up 0.31% to 326.00p at 1140 BST on Thursday.