YORKSHIRE, England (Jan. 11, 2008) — Fenner P.L.C´s operating profits increased 13.3 percent as sales climbed slightly to $746 million in 2007, and the conveyor belt maker said it expects to continue to grow in 2008.
Revenues increased by $3.5 million from 2006, Fenner said.
The company told shareholders that trading in the first quarter of its 2008 financial year continued the positive trends of 2007. Fenner said sales and profits in the Advanced Engineered Products division are ahead of the prior year with the seals business performing particularly strongly.