Corac announces half-year results to 30 June 2012

Corac Group, an engineering company serving the global oil and gas, defence and industrial markets, has announced its half-year results for the six months ending 30 June 2012.

Operational highlights included the acquisition of Wellman Hunt Graham and Wellman Defence for a total consideration of £10.91m in April 2012.

The company’s financial results were in line with management expectations for the year as a whole.

Group revenue of £4.26m (compared with £190,000 in 2011) included a contribution from the acquired businesses of £4.17m, while group revenue on a pro forma basis, including the half-year revenue for the acquired businesses, was £8.26m.