GKN has announced the financial report for the first quarter of 2014. Thanks to the increase in global light vehicle production and the booming aerospace market, the company’s profit before tax rose by more than 20% year-on-year.
In the first quarter of 2014, GKN's overall sales reached 1.915 billion pounds, up 1% from 1.891 billion pounds in the same period in 2013; and pre-tax profits increased from 119 million pounds in the same period last year to 145 million pounds. twenty two%.
As the largest business unit of GKN, GKN's first-quarter sales reached 885 million pounds, up 5% from the same period last year. The department’s sales accounted for 46% of GKN’s overall sales and was also the best performer in the first quarter.
GKNEn CEO SteigStein said in a statement that for the rest of the year, the company’s performance is expected to continue to grow, and the organic growth trend will also become more stable.
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