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MinconGrp O0.01CDI (MCON)

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09-May-2022 11:53 AM

IN BRIEF: Mincon expects ‘significant’ growth moving forward

Mincon Group PLC - County Clare, Ireland-based rock drilling tool manufacturer - Says the positive momentum seen in the second half of 2021 has continued into the first quarter of 2022. Momentum driven by strong underlying demand for its products acros
22-Mar-2021 08:01 AM

Mincon profit rises 20% on higher sales

Irish rock-drilling tool specialist Mincon posted a 20% rise in annual profit as it continued to generate revenue from mining and geotechnical contracts throughout the pandemic. Pre-tax profit for the year through December increased to €17.1 million
09-Nov-2020 08:33 AM

Mincon Group's revenue up 19% following construction sector growth

Mincon Group has reported its total revenue for the nine months to end of September increased by 12% compared with 2019 but has taken a 'prudent approach' to suspend its interim dividend for 2020. Revenue from the construction sector has contin
10-Aug-2020 08:00 AM

Mincon profit boosted by contract wins

Rock drilling tool specialist Mincon posted a rise in first-half profit thanks to construction contact wins. Pre-tax profit for the six months through June increased to €7.66m, up from €1.15m on-year, as revenue rose 8% to €64.7m. Operati
05-May-2020 08:41 AM

Mincon first-quarter revenue up 4%; factories remain open in most countries

Irish rock drilling tool specialist Mincon reported a 4% rise in first-quarter revenue and said its factories and customer sites remained open in most of the countries in which it operates. Gross margin in the three months through March had improved to 3
12-Aug-2019 09:29 AM

Mincon profit boosted by Swedish asset sale proceeds

Rock-drilling tool specialist Mincon Group booked a 14% rise in first-half profit, after a gain from the sale of Swedish heat treatment business Hardtekno offset margin pressure and impairment charges. Net profit for the six months through June rose to &
19-Mar-2019 09:48 AM

Mincon profit rises 29%; says current trading 'fitful and flat'

Rock drilling tool supplier Mincon Group posted a 29% rise in annual profit though it said trading had been flat in the new year. Pre-tax profit for the year through December rose to €16.3m, as revenue climbed 21% to €117.7m. The company did n
13-Aug-2018 07:27 AM

Drilling specialist Mincon profit up 25% as demand, margins recover

Irish rock-drilling specialist Mincon Group booked a 25% rise in first-half profit as a demand recovery helped it improve its margins. Pre-tax profit for the six months through June rose to €7.8m, as revenue rose 19% to €55.7m. 'Profit ma
26-Apr-2018 08:27 AM

Mincon pre-tax profit grows 12.4%

Mincon, the Irish engineering group, grew its pre-tax profit by 12.4% in the first quarter of 2018, with overall revenues up 6%. Mincon products represented 81% of sales in the quarter, compared to 73% last year. Revenue from Mincon manufactured produc
20-Mar-2018 08:28 AM

Mincon Group profit up 13% on increased drilling tool sales

Rock-drilling tool specialist Mincon Group booked a 13% rise in net profit after increases sales helped offset pressure on margins from higher input costs. Net profit increased to €10.4m, as revenue rose 28% to €97.4m. Mincon also announced th
23-Oct-2017 09:19 AM

Mincon revenue rises

Engineering firm Mincon Group said revenues for the first nine months of the year grew by 29%, defying expectations of slowing third-quarter growth. The company said it experienced a more favourable mix towards Mincon manufactured products as it moved to
17-Aug-2017 07:40 AM

Mincon sales grow as sector improves

Mincon Group, the Irish engineering group, increased its pre-tax profit by 26% to €6.3 million in the first half. Sales of Mincon's manufactured products grew 26% to €35.2 million, while sales of third party products increased by 39% to &e
29-Apr-2016 12:06 PM

CFO to leave Mincon

Mincon Group has announced that Chief Financial Officer, Mr. Brian Lenihan, will be leaving the Company at the end of June 2016 to pursue other interests. Mr. John Doris, who was acting CFO during the IPO process, and has been company secretary since, wi
09-Mar-2016 07:41 AM

Mincon's FY pretax profit edges lower

Mincon has managed to book a hearty rise in FY revenue but a drop in pretax profit. Revenue was GBP70.3m, from GBP54.5m, while pretax profit was GBP9.6m, from GBP11.2m. CEO Joe Purcell commented: "The Mincon Group has delivered another strong perfo
19-Aug-2015 07:22 AM

Mincon's profit

Mincon Group has posted an H1 pretax profit of 4.5m euros, from 5.5m euros a year ago. Total revenue was 32.7m euros, from 23.4m euros. CEO Joe Purcell said: "The significant growth in the Mincon Group in the past 12 months is evidenced by the 40%
24-Apr-2015 01:01 PM

Mincon schedules AGM

Mincon Group will hold its annual general meeting in Park Inn by Radisson, Shannon, Ireland, on 28 May at 10.00 a.m. At 1:01pm: (LON:MCON) Mincon Group Plc Ord Eur0.01 share price was 0p at 54.75p Story provided by
30-Mar-2015 07:53 AM

Mincon acquires Marshalls Hard Metals

Mincon Group has acquired, for cash, the business and assets of Marshalls Hard Metals Limited, one of Europe's leading tungsten carbide manufacturers. The business and assets have transferred to a new company, Marshalls Carbide Limited, which is a
09-Mar-2015 07:31 AM

Mincon FY pretax profit slips

Mincon has booked a FY pretax profit of 11.25m euros, from 12.54m euros. Revenue was 54.54m euros, from 52.34m euros. It recommends a final dividend 0.01 euros a share. This contributes to a total dividend of 0.02 euros a share. CEO Kevin Barry, who also
07-Nov-2014 07:30 AM

Mincon gloomy

Mincon Group said cyclical weakness, combined with the significant devaluation of certain key currencies in which it trades, has impacted on the company's year-to-date result for 2014. "Market conditions for the mining sector of our business (
22-Aug-2014 12:06 PM

Mincon AGM results

Mincon Group held its Annual General Meeting today at Fitzwilton House, Wilton Place, Dublin 2, Ireland and all resolutions proposed at the meeting were approved. At 12:06pm: (LON:MCON) Mincon Group Plc Ord Eur0.01 share price was 0p at 62.5p Story
02-Apr-2014 07:44 AM

Mincon Group FY pretax profit slips to 12.5m euros

Mincon Group's FY pretax profit slipped to 12.5m euros, from 13.2m euros. It included 1.2m euros of exceptional items. Revenue was 52.3m euros, from 63.1m euros. CEO Kevin Barry said 2013 was a landmark year for the company with successful admission

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