Morgan Advanced Materials profits soar on divestments

Published: Monday, 31 July 2017

But the company reports a sharp drop in revenue from its defence business due to lower demand.

Profits at Morgan Advanced Materials soared in the first half of 2017, thanks to the divestment of its UK Electro-Ceramics business and Rotary Transfer Systems, but falling demand from the defense sector weighed on organic revenue growth....

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