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04.12.2010

Sevcon up 54%

Tech-Ops Sevcon the manufacturer of electrical systems for aerial lifts and for trucks has reported a strong rise in revenues for its full year and fourth quarter.

For the full year revenues were $26.05 million up over 28 percent on last year, pre-tax profits were $506,000 compared to a loss in 2009 of $2.06 million. Although this year’s result includes a one-time gain of $507,000 from deferment of contributions to its defined employee pension programme in the USA.

In the fourth quarter revenues were $7.03 million up 54 percent on the same period last year. Pre-tax profits for the quarter were $82,000 compared to a loss of $943,000 last year.

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