Buoyant results for Hayward Tyler Group

Hayward Tyler Group has announced its unaudited results for the year ended 31 December 2012 with revenue up to £33m  and its gross profit margin up 34 per cent.

The company, which designs, manufactures and services critical application pumps and motors for the power generation and oil and gas markets, reports that its order intake in 2012 was around 10 per cent ahead of 2011 at £34.5m.

This included the group’s largest ever oil and gas related contract valued at £2.7m and a second syngas project worth $1.6m.