GKN exceeded sales of GBP10 billion (USD13.99 billion) for the first time in 2017, reporting a profit before tax of GBP658 million, which is a 125% increase year on year.
The British engineering company recorded GBP10.41 billion in sales, an 11% increase on the GBP9.41 billion it made in 2016.
However, operating profit was down from GBP773 million to GBP662 million, and profit before tax down from GBP678 million to GBP572 million, representing a 16% decrease.
“GKN has fantastic businesses, which have grown organically above our key markets, demonstrating once again our strong positions and leading technology,” Anne Stevens, CEO of GKN, said.
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