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Article: Gas Turbine Efficiency plc Interim Results for the Six Months to 30 June 2008.
- Article from:
- Biotech Week
- Article date:
- October 8, 2008
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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 (see also Gas Turbine Efficiency plc).
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 ...