Latchways reports 26% increase in profits

Fall arrest systems manufacturer Latchways has reported a 26% increase in profit to £7.81m for the year ended 31 March 2007.

Turnover rose to £31.9 million, an increase of 14% on the 2006 figure of £28.1 million.

Paul Hearson, chairman, said:

“The new year has started well, with a healthy order book and robust sales. With the increased investment now being made in new products, and the earlier investments in new markets beginning to show results, we are confident of continuing our record for delivering profitable growth both for the current year and the future.”