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Sales surge 20% at Gateshead innovators Sevcon

Thursday, August 7, 2014

Electric vehicle innovator Sevcon has posted its sixth successive quarter of sales growth, helping annual sales surge ahead by 20%.

Profits came in at $213,000, (£126,000) compared with $293,000 (£174,000) in the third quarter last year, with sterling's recent strength against the dollar adversely impacting on the bottom line.

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Source: The Journal

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