HC Slingsby sees steady trading as Covid-related products drive growth
Fri, 7th May 2021 14:38
(Alliance News) - HC Slingsby PLC on Friday posted improved full-year revenue but remained cautious about future growth against the backdrop of the pandemic.
Revenue for the year ended December 31 was GBP21.8 million, up 11% from GBP19.6 million the preceding year. Slingsby attributed the increase to higher demand for coronavirus-related products, as customers sought to continue their operations compliantly.
The industrial and commercial equipment distributor said higher revenue, combined with an improvement in gross margin, led to a pretax profit before exceptionals of GBP1.1 million, significantly up on the GBP200,000 seen in 2019.