Home / Knowledge / News / Textiles / Hexagon Composites clocks 22% surge in Q2 sales
Hexagon Composites clocks 22% surge in Q2 sales
29
Aug '14
Operating income in the second quarter of 2014 ended June 30, 2014 at Norway based Hexagon Composites ASA totalled NOK 394.2 from NOK 322.0 million in the second quarter of 2013, a surge of 22%.

Operating profit before depreciation or EBITDA in the second quarter of 2014 too grew to NOK 80.5 million from 66.9 million in the corresponding quarter of 2013.

In the first six months of 2014, operating profit or EBIT at Hexagon amounted to NOK 62.8 from NOK 52.0 million, while profit before tax for continuing operations reached NOK 56.8 from NOK 50.9 million.

For the first half of 2014, Hexagon reported operating income of NOK 804.7, up 28% from NOK 627.9 million in the first half of 2013.

Operating profit before depreciation or EBITDA touched NOK 165.6 million in the first six months of 2014 from NOK 114.9 million in same half year of 2013.

Operating profit or EBIT in the first half of 2014 grew massively by 51% year-on-year to NOK 130.0 million and profit before tax for continuing operations totalled NOK 114.2 from 85.4 million.

Hexagon said it was able to clock overall strong margins, while Hexagon Ragasco experienced production challenges in June impacting output and profit margins.

It said the ramp-up of Phase I expansion capacity in Hexagon Lincoln is continuing and in the review period, Hexagon Lincoln introduced TITANTM XL, the largest CNG trailer of its kind.

Hexagon paid a dividend of NOK 0.33 per share in May 2014.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search