Rotork Sees Revenue Growth Despite Middle East Disruption

Rotork, a specialist oil and gas valve manufacturer, is expecting mid to high single-digit revenue growth this year despite the impact of Middle East-related disruption in its core business. The Bath-headquartered group's pre-tax profits grew by 9.7% to £71.4m on revenue virtually unchanged at £367.2m in the six months to the end of June.

The company attributed the growth in revenue to a strong order intake in its chemical, process & industrial (CPI) and water & power divisions, which partially offset problems in the Middle East.

Kiet Huynh, Rotork chief executive officer, said the group's 'robust' first-half performance demonstrated the strength of its portfolio and the continued benefits of its Growth+ strategy.