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Tyman operating profit jumps as UK, US construction recovers
March 11, 2014 / 7:45 AM / 4 years ago

Tyman operating profit jumps as UK, US construction recovers

March 11 (Reuters) - Tyman Plc, a maker of window and door parts, said full-year underlying operating profit rose 41 percent, driven by a rebound in construction in Britain and North America.

The company said underlying operating profit for the year ended Dec. 31 rose to 32.3 million pounds ($53.7 million) from 23.0 million pounds a year earlier.

Revenue rose 30 percent to 298.1 million pounds.

Tyman, which makes extrusions, seals and locks for window and doors, reported a pretax profit from continuing operations of 794,000 pounds, compared with a pretax loss of 25.8 million pounds a year earlier.

Shares in the London-based company closed at 264 pence on Monday on the London Stock Exchange.

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