MATERIALS-TESTING business The
Pre-tax losses widened from pound(s)10.3m to pound(s)38.1m, mainly as a result of costs associated with the initial public offering and the repayment of debt.
Delays in production from
Shares closed down 22p at 193p.
The oil and gas and industrial arm dropped from pound(s)42.3m to pound(s)39.9m. The product division, which includes transportation, fire and calibration testing, fell from pound(s)38.1m to pound(s)37.3m, while health sciences was up from pound(s)22.6m to pound(s)23.8m. The
"We are seeing increased levels of quotation activity in that area of the business, which is usually a good lead indicator for improving sales for the next year and beyond."
The company confirmed it is creating a larger laboratory in