A stronger second half made up the first half profit shortfall for kettle components manufacturer Strix Group (LON: KETL) and the new Chinese factory is on course to be fully up and running in August. New products outside of the kettle sector are increasing the potential market for AIM-quoted Strix.
In 2020, revenues were 2% lower at £95.3m, while underlying pre-tax profit was 2% ahead at £30.9m. That profit does include a small contribution from last autumn’s acquisition of Laica.
Strix has edged up its share of the kettle controls market to 55% and it has three-quarters of the regulat...