Business
GKN Aerospace owner Melrose posts 7% rise in four-month revenue
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(Reuters) – Melrose Industries, the owner of aerospace parts maker GKN Aerospace, reported a 7% rise in revenue for the four-month period ended Oct. 31, helped by strength in its aftermarket
(Reuters) – Melrose Industries, the owner of aerospace parts maker GKN Aerospace, reported a 7% rise in revenue for the four-month period ended Oct. 31, helped by strength in its aftermarket business.
Melrose, which spun off its auto and other businesses last year to become a pure-play aerospace supplier, said its adjusted operating profit continued to grow year-on-year in the period, in-line with expectations.
(This story has been corrected to fix the period to four-month in the headline)
(Reporting by Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu)
Revenue is the total income generated by a company from its business activities, typically from sales of goods or services before any expenses are deducted.
Operating profit is the profit a company makes from its core business operations, excluding any income derived from non-operational activities like investments or sales of assets.
Aftermarket business refers to the sales of parts, services, and support that occur after the initial sale of a product, often in industries like automotive and aerospace.
A pure-play company focuses exclusively on a specific industry or sector, without diversifying into other areas, allowing for specialized expertise and branding.
Corporate profit is the net income of a company after all expenses, taxes, and costs have been deducted from total revenue, reflecting the company's financial performance.
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