DiscoverIE annual profits up 70% on strong sales
Discoverie Group
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Niche electronics maker DiscoverIE Group reported a 70% rise in annual profits, driven by a strong order book.
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The company on Wednesday said pre-tax profit for the year to March 31 came in at £29.1m. Revenue was up 18% to £449m.
It added that the current financial year had started well with continued organic sales growth and its order book remained at a higher-than-expected level, in line with last year, “providing good visibility of demand”.
Reporting by Frank Prenesti for Sharecast.com