14.11.2003

UpRight post strong growth

UpRight International manufacturing Ltd, the main trading arm of the UpRight group has announced a 30 percent year on year increase in operating profits for the first quarter of the fiscal year, ended September 30 2003. The best quarterly performance since 2000.

The company which is privately held, has not disclosed worldwide results in the past and this announcement is only a limited release. No revenues are mentioned, no actual numbers are mentioned but president John Coughlan says that all parts of the business were in profit and the trend is continuing in the second quarter.

“We are pleased with the European results for the first quarter of this financial year,” commented John Coughlan, President and General Manager for the UpRight Group. “This is a positive reflection on the strategy we have put in place”.