27 Feb 2009

Engineering company's orders increase

10:16 pm on 27 February 2009

Listed global engineering and design company Cavotech says it is attracting a record number of orders despite the financial crisis.

Its full-year profit increased 24.8% increase to 9.2 million euros compared with the previous year.

Excluding the gain and associated tax effects from the sale of Gantrex, Cavotech's profit decreased 19.3%.

The company says its order intake for the year stands at 146.7 million euros, a 9.6% increase compared with the previous year.

It ended the year with its largest December order book.