PWR Holdings Limited Provides Earnings Guidance for the Six Months Ending 31 December 2016
December 20, 2016 at 10:25 pm EST
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PWR Holdings Limited provided earnings guidance for the six months ending 31 December 2016. The company announced that based on management accounts to 30 November 2016, net profit after tax (NPAT) for the six months ending 31 December 2016 is forecast to be in the range of $1.65 million to $1.85 million. The company has achieved organic revenue growth for the first half of 2016 of around 10% (by currency), which has primarily been driven by GBP denominated sales, which are forecast to be up 23% compared to the prior corresponding period (pcp).
PWR Holdings Limited is a global designer, manufacturer and supplier of technically advanced high performance cooling solutions, investing in research and development to provide solutions to its customers using advanced cooling technology. The Company and its subsidiaries are involved in the design, engineering, production, testing, validation and sales of customized cooling products and solutions to the motorsports, automotive original equipment manufacturing (OEM), automotive aftermarket, Aerospace and defense, and industrial industries for domestic and international markets. It operates through two segments: PWR Performance Products and PWR C&R. The PWR Performance Products segment comprises its Australian and European operations. The PWR C&R segment comprises its United States operations. The Company has manufacturing and distribution facilities in Australia and the United States and distribution facilities in the United Kingdom, from which its European customers are serviced.
PWR HOLDINGS LIMITED 
