Profit & revenue up in H1 for Surface Transforms

Gross profit and revenues both increase during the first half of 2023 (2023H1) which ended June 30, 2023, for Surface Transforms (AIM: SCE).

The company, which manufactures carbon fiber reinforced ceramic automotive brake discs, recently announced H1 financials.

Financial highlights from the announcement:

– Revenue increased 15% to £3.3m (H1-2022: £2.9m)
– Gross profit increased 14% to £2.0m (H1-2022: £1.7m), with margin consistent at 60%

Surface Transforms plc (LON:SCE) is a manufacturer of next-generation carbon-ceramic brake discs for automotive and aircraft applications and has been certified to IS9001-2000 since 2008 and was certified to TS16949 automotive quality accreditation and AS9100C aerospace quality accreditation in 2015.

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