Profits at excavator manufacturer Komatsu UK more than doubled after the firm’s revenues bounched back from three years of decline.
The Birtley-based firm, whose ultimate parent company is based in Japan, has released accounts for the year ending March 31 which show turnover rising from £155.6m a year earlier to £292.3m. Operating profit for the same period increased from £3.4m to £7.4m.
The recovery in the company’s fortunes - which saw its headcount grow significantly to 480 - came as sales in the UK more than doubled to just under £73m while turnover in the rest of Europe also rose significantly to reach £212.3m.
