Hampson Industries announces six-month interim results

Hampson Industries, the specialist tooling and composite product solutions provider for the aerospace industry, has announced interim results for the six-month period ended 30 September 2011.

Revenue and trading profit from continuing operations stand at eight per cent and four per cent lower than in the prior equivalent period, respectively. 

Revenue is reported two per cent lower and trading profit four per cent higher on a constant currency basis.

Gross margins were increased by operational improvements and lean manufacturing actions and £13.5m in cash was generated from operations.

A strengthened order book from continuing business in the second quarter from £107m at 31 March 2011 to £119m at 30 September 2011 represents 11 per cent growth since 31 March 2011.