Avingtrans revenue up by 21 per cent

Avingtrans, which designs, manufactures and supplies critical components and associated services to the global aerospace, energy, medical and industrial sectors, has boosted its full year turnover by a fifth.

Avingtrans, which designs, manufactures and supplies critical components and associated services to the global aerospace, energy, medical and industrial sectors, has boosted its full year turnover by a fifth.

Revenue increased 21% to a record £44.0m (2011: £36.3m), although the gross profit margin fell two percentage points to 27% on it described as an "adverse product mix" and increased sales costs to £31.96m (2011: £25.61m).

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