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Article: Gas Turbine Efficiency plc Interim Results for the Six Months to 30 June 2008.(Company overview)
- Article from:
- Business Wire
- Article date:
- September 24, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON -- Gas Turbine Efficiency plc ("GTE" or "the Group")(LSE:GTE), a leading provider of proprietary cleantech systems for enhancing the performance of aviation and industrial turbines, announces its unaudited results for the six months to 30 June 2008.
Financial Highlights
* Revenues increased 58% to $14.7m (H1 2007: $9.3m) driven by strong organic growth and a continued ramp-up in sales to Original Equipment Manufacturers (OEMs)
* Total order intake for the year to date increased 100% to $30m (2007: $15m)
* Gross margin improved to 44% (H1 2007: 42%)
* EBITDA, excluding exceptional legal costs, rose 220% to $0.77m (H1 ...