The chief executive of advanced engineering materials group Versarien (LON:VRS), Neill Ricketts, expects enhanced profitability from all areas of the business going forward, including its younger units.
The firm generated revenues of £4.98mln from the sale of advanced materials in the twelve months to March 31.
It represents a 69% increase from the £2.6mln generated in the preceding year, albeit those accounts amounted to just nine months of sales.
Total Carbide, a manufacturer of sintered tungsten carbide, provides the revenue, provides the profitability and support for its other two units.
Versarien Technologies Limited - the copper foam operation - is the teenager of the bunch.
And then there is the “baby”, 2D-Tech, which has significant potential.