LONDON (Alliance News) - UK based ventilation and hardware manufacturer Titon Holdings PLC Tuesday said strong revenue growth continued in the third quarter of its financial year, boosted by stronger demand in the UK market and in other markets.
In a short trading statement, Titon said group sales for the three months to June 30 were up 21.4% on the prior year, with UK sales up 18% and rest of the world sales up 27%.
Earlier this year, Titon reported a pretax profit of GBP551,000 for the six months to end-March, up from GBP79,000 in the previous year as revenue rose to GBP8.8 million from GBP7.3 million.
The company said it held cash balances of GBP1.8 million at the end of June.
Titon shares were up 2.3% at 55.75 pence Tuesday afternoon.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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Titon (TON)