Spirax Hopeful of Weathering Currency Storm

Summary


Industrial pump maker Spirax Sarco, which sells temperature and pressure controls in 90 countries, yesterday posted a 10 per cent rise in first-half pre-tax profits to pounds33 million.

Chairman Mike Townsend said the Cheltenham manufacturer's performance had been affected by currency movements though the effects will reduce later in the year.

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Extract


Spirax Hopeful of Weathering Currency Storm

"Despite this, given continuing favourable t...

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