Avingtrans' 2013 profitability to be hit by sale of Jena Tec

Profitability at Avingtrans will be impacted by the loss of margin resulting from the sale of subsidiary Jena Tec, the company announced in a trading update published on Tuesday morning.

Profitability at Avingtrans will be impacted by the loss of margin resulting from the sale of subsidiary Jena Tec, the company announced in a trading update published on Tuesday morning.

Avingtrans - which manufactures critical components for the global aerospace industry - said that, in the short-term, the margins realised from sales at PFW Farnborough and Aerotech Tubes would not compensate for the loss of margin in respect of Jena Tec.

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