Tyman operating profit jumps as UK, US construction recovers

Tue, 11 Mar - 5:44pm

March 11 (Reuters) - Tyman Plc TYMN.L , 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. ($1 = 0.6013 British pounds)

(Reporting by Noor Zainab Hussain in Bangalore; Editing by Robin Paxton)

((noor.hussain@thomsonreuters.com)(Within UK +44 20 7542 1810)(Outside UK +91 80 6749 2764)(Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net))

Keywords: TYMAN RESULTS/

URN: 
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