'Significant success' for Domnick Hunter

UK-based filtration, separation and purification specialist reports
"significant success" in 2002.

Domnick Hunter, the UK-based firm which provides filtration, separation and purification products for the brewing, beverage and dairy industries, among others, has reported 2002 results which it qualified as a "significant success".

The record figures came in a challenging year for manufacturing industries worldwide, the company said.

Turnover of £123.0 million was up by a modest 2.4 per cent but generated an 11.7 per cent increase in operating profit to £11.7 million and an 18.5 per cent increase in profit after tax to £7.1 million.

"The group's strategy of developing its core filtration, purification and separation technologies to produce high added value products, for which there is a worldwide demand across a broad spectrum of industries, has stood it in good stead during both buoyant and, more importantly, tough economic times, as witnessed by these record results,"​ said chairman Brian Thompson.

"Organic growth remains fundamental to the development of the group. Nevertheless, we are prepared to consider acquisitions within our chosen areas of expertise if there is a compelling case which will lead to the enhancement of the Group's strategic position."

He concluded: "We continue to focus on organic growth through further developments in both the product range and expansion of our geographical coverage. I expect a robust performance in 2003 and am confident of future expansion."

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