4 Sep 2014 15:10
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Don't have an account? Click here to register.Corac Group wins contract to supply equipment to submarines
Thu, 07th Feb 2013 08:30
UK engineering group Corac Group has secured a contract extension to supply air purification equipment to an overseas submarine programme. The company, which serves oil and gas, defence and industrial markets, said its subsidiary Atmosphere Control International (ACI) will make the delivery during the fourth quarter of 2013. The order is worth over £0.7m and will increase ACI's revenue visibility for the year. The contract, which furthers ACI's participation in a long-established programme, reflects demand in the global submarine market. Recent reports indicate that more than 80 boats will be launched in the Asia Pacific region over the next 10 years. Phil Cartmell, Chairman of Corac said: "This order represents a good start to the year for ACI, and confirms our confidence that the combined current order book places Corac in a good position. "Long term supply relationships are a key feature of the ACI business and this order demonstrates how the company can benefit from building business in expanding markets. Encouraging signs from global programmes offer ACI an increasing pipeline of opportunities for 2013 and beyond."Shares climbed 2.36% to 16.25p at 8:45 Thursday. RD
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Corac wins £0.9m heat exchanger order
Corac Group's thermal technologies subsidiary has received an order of £0.9m for six heat exchanger units from an unnamed international engineering firm. The project is part of a five-year improvement programme and will replace exchangers to a UK downstream facility by 2015. HHT, a heat exchanger
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14 May 2014 10:33
Corac Group Shares Up As Order Book Rises In First Few Months Of 2014
LONDON (Alliance News) - Corac Group PLC Wednesday said trading has been encouraging so far in 2014, with its order book up 15% since the end of last year and its financial performance and cash position in line with expectations. In a statement issued alongside its annual general meeting, t
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DIRECTOR DEALINGS: Corac Non-Executive Transfers 100,000 Shares
LONDON (Alliance News) - Corac Group PLC Friday said Non-Executive Director Julia Henderson transferred 100,000 shares into her ISA at a price of 8.75 pence per share. As a result, her holding in the ventilation company remains unchanged. Shares were trading at 9.05p, up 3.4%, Friday midday
Read more1 Apr 2014 10:59
Corac Loss Narrows As Research And Development Costs Drop
LONDON (Alliance News) - Technology and engineering group Corac Group PLC Tuesday posted a narrowed pretax loss for 2013, as it saw revenue rise and lowered its research and development costs. The company posted a pretax loss of GBP4.3 million, narrowed from GBP6.1 million, as revenue rose
Read more1 Apr 2014 10:15
Corac Group narrows annual losses
Technology-led engineering company Corac Group, which services the oil and gas sector, narrowed its annual losses as revenue grew. Loss before tax came to £4.3m in the year ended December 31st 2013, down from a loss of £6.1m a year earlier. Revenue increased to £19.3m from £15.3m in 2012, driven b
Read more1 Apr 2014 05:10
UK Earnings, Trading Statements Calendar - Week Ahead
| Read more 31 Mar 2014 15:00 UK Earnings, Trading Statements Calendar - Week Ahead
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