UK-based engineered steel products manufacturer and galvanizing services provider Delta Plc has issued its financial results for 2009, stating that the year saw a continuation of the excellent trading performance the company enjoyed in 2008.
According to the financial results, the profit before tax of the company was £52.6 million ($79.6 million) in 2009, compared with a profit before tax of £43.7 million in 2008, increasing 20 percent. Sales revenues in 2009 saw a negligible increase, rising to £333 million ($503.7 million) from £330.8 million in the previous year. Profit after tax for the year improved by 9.1 percent to £37.1 million ($56.2 million) from £34.0 million in 2008.
Delta recently received a takeover offer from US-based Valmont Industries Inc. worth £284.5 million ($429.1 million) or £1.85 (approximately $2.8) in cash for each Delta share.