Fenner's half-year results show return to profit

By Hull Daily Mail | Posted: 19 Apr 2017

Fenner is back in the black after its half year results revealed a return to pre-tax profit.

The manufacturing firm, which is headquartered in Hessle, unveiled a profit before tax of £13.8m for the six months to February 28, with revenues of 307.4m.

The figures are in contrast to the same period last year, when the reinforced polymer specialist posted a pre-tax loss of £23.1m and revenues of £276.8m.

Mark Abrahams, chief executive of Fenner, said: "It is pleasing that the restructuring of the Group has created a platform from which we are now growing and making steady market share gains.

"We look forward to maintaining this momentum."

Founded in 1861 by Joseph Henry in rented rooms at 21½ Bishop Lane in Hull, today Fenner employs more than 4,300 people across the globe.

The main thrust of Fenner's activities now lie in heavyweight conveyor belting, precision polymer products, advanced sealing technologies and medical components.



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