Plexus delivers record annual results

Oil and gas engineering firm Plexus today said its prospects looked “excellent” as it announced record sales and profits for the full year.

The Aberdeen-based company posted a 38.3 per cent jump in pre-tax profits to £4.3 million for the year to 30 June, on revenues 29.7 per cent higher at £25.6m.

Chief executive Ben van Bilderbeek said: “The number of new and repeat orders that we have reported, and expect to report in the current year with major oil and gas operators around the world is an endorsement of our technology.”

Aim-quoted Plexus proposed a 10 per cent increase in its final dividend to 0.55p a share, to be paid on 13 December.

Chairman Jeff Thrall said: “We look forward to the future with confidence and believe that the long-term prospects and outlook for Plexus are excellent.”