UK-based company Corac Group’s revenue has increased 20%, the company announced today.
Its results for the first half of the year revealed the engineering group’s revenue increased from £8.3million in 2013 to £9.9million in 2014 for the same time period.
The company, which focusses on energy and environmental technologies, spent £1.4million on research and development in the first six months of the year. It currently has an order book worth £12.2million.
Phil Cartmell, chief executive officer, said: “The results issued today demonstrate how the group businesses are maturing and are on the path to making good returns on their activities. They have focused on their technical advantages and their strongest relationships whilst eliminating those activities that have proved to be a drain on their resources and performance.”