Titan Europe Plc, through its subsidiaries, engages in the design, manufacture, and sale of wheels, undercarriage components, and assemblies for tracked and wheeled off-road vehicles. It also supplies ground engaging tools, wet brake systems, tires, and wheel and tire assemblies. The company’s undercarriage components include track chains and track groups, rollers, track shoes, sprockets and segments, idlers, adjusters, and tensioner groups for earthmoving, agricultural, mining, and crawler machines for specialized applications. Titan Europe Plc also offers agricultural wheels, such as manually adjustable track wheels, power adjustable track wheels, fixed disc wheels, row-crop and narrow whe...
Kidderminster, DY10 3SD
Titan Europe plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2012
Sep 14 12
Titan Europe plc reported unaudited consolidated earnings results for the six months ended June 30, 2012. For the period, revenue was GBP 252.586 million against GBP 253,161 million a year ago. Profit from operation was GBP 12.866 million against GBP 17.854 million a year ago. Profit before income tax was GBP 8.577 million against GBP 15.838 million a year ago. Profit for the period attributable to equity shareholders was GBP 4.983 million or 7.00 pence diluted excluding exceptional items against GBP 11.571 million or 11.29 pence diluted excluding exceptional items a year ago. Net cash generated from operating activities was GBP 6.149 million against GBP 10.585 million a year ago. Purchase of property, plant and equipment was GBP 7.757 million against GBP 7.670 million a year ago. Purchase of intangible assets was GBP 0.256 million against GBP 0.423 million a year ago. As on June 30, 2012, net debt was GBP 121.309 million against GBP 138.791 million a year ago. Adjusted EBIT was GBP 14.817 million against GBP 15.515 million a year ago. Adjusted PBT was GBP 9.256 million against GBP 9.695 million a year ago.