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Coote FY earnings soar 191%
29-August-08
Written by Rebecca Lawson
Earnings in Maddington-based engineering company Coote Industrial Ltd has skyrocketed 191 per cent to $23.8million on the back of stronger revenues for the 2008 financial year.
The result is an increase from the previous year's net profit of $8.1 million.
Revenue for the year jumped from the previous year's $69.4 million to $347.9 million while earnings per share was up 20 per cent to 21 cents per share.
The boost was driven by four acquisitions over the year of Gemco Rail, FCD Logistics, Industrial Powertrain and Drivetrain.
Article continues...
29-August-08
Written by Rebecca Lawson
Earnings in Maddington-based engineering company Coote Industrial Ltd has skyrocketed 191 per cent to $23.8million on the back of stronger revenues for the 2008 financial year.
The result is an increase from the previous year's net profit of $8.1 million.
Revenue for the year jumped from the previous year's $69.4 million to $347.9 million while earnings per share was up 20 per cent to 21 cents per share.
The boost was driven by four acquisitions over the year of Gemco Rail, FCD Logistics, Industrial Powertrain and Drivetrain.
Article continues...
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