Business
GKN Aerospace owner Melrose posts 7% rise in four-month revenue
Global Banking and Finance Review
Company
(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)
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