LONDON (Nov. 11, 2010)—Fenner P.L.C. reported strong growth in its preliminary results for the year ended Aug. 31.
Operating profits rose 38 percent to about $100 million on an 11-percent rise in sales to $889.8 million, the company said.
The firm said its Conveyor Belting Division mostly was unaffected by the economic downturn, and has continued to grow. The Advanced Engineered Product Division has been winning market share despite extreme volatility in customer demand patterns, and has signed long-term supply agreements with major original equipment customers, Fenner said.