GKN revenue up 22% in 2010

GKN plc revenue up 22% - financial highlights in 2010:

• Revenue: GBP5429 million, +21.9% year-on-year;
  • Aerospace: GBP1451 million, -2.4%;
• Trading profit: GBP411 million, +163.5%;
  • Aerospace: GBP162 million, +4.3%;
• Profit before tax: GBP363 million, +317%;
• Total assets: GBP4421 million, +12.0%;
• Total liabilities: GBP2734 million, -8.1%. [more]

GKN: "Civil aircraft production is expected to return to growth in 2011 as both Airbus and Boeing increase production schedules," Company statement. Source: GKN, 01-Mar-2011.