Morson in strong debut _2
17 September 2012
Profit and sales up
Morson, which supplies 7,500 skilled staff to the aerospace and defence, nuclear and power industries, reported pre-tax profit of £2.27m for the six months to 30 June, up from £748,0000 a year earlier.
Turnover rose 24% to £156.8m. The company floated on the Alternative Investment Market in March.
Gerry Mason, non-executive chairman, said: “Despite the distractions of the flotation, trading in this period has been strong and ahead of management expectations. In light of the first half performance and as a result of the Company’s forward earnings visibility arising from its contracted revenue base the board is confident about Morson’s prospects for the full year.”
