Turbo Power Systems warns of challenging Q4 impacting FY results
31st Oct 2016 12:36
(ShareCast News) - Turbo Power Systems has warned of a challenging fourth quarter impacting on its full-year results as it booked a 50% slide in third-quarter net profit to £0.02m. Revenue for the quarter ended 30 September totalled £3.58m, up 10% on the year. The company's strategic review remained
Read moreTurbo Power Systems expects to break-even for full-year
8th Jan 2016 15:49
(ShareCast News) - Turbo Power Systems told investors it expected to break even for the year and that it had received various "expressions of interest" from potential buyers of the company. The manufacturer of high-performance electric motors and generators said operating profits in terms of earning
Read moreTurbo Power Systems powers back to break-even
5th May 2015 11:42
Shares in Turbo Power Systems bounced about on Tuesday as the electrical power systems provider swung back to break-even in full-year results. Revenues rose 24% to £4.08m and a minuscule profit before tax of £0.03m replaced the £1.44m loss from 2013. The AIM-listed company said new projects signed
Read moreTurbo Power extends loan and narrows annual loss
16th Mar 2015 12:03
Electrical machines and electronic systems manufacturer Turbo Power Systems has reached an agreement with TAO Sustainable Power Solutions to extend its loan deal by one year. The new agreement with TAO, which is Turbo Power's major shareholder with an 89% stake in the business, means the repayment d
Read moreTurbo Power Systems boosted by software orders
9th Jul 2014 08:41
Turbo Power Systems has reaffirmed its relationship with London Underground train maker Bombardier Transportation with further orders from the group worth $3.4m. The electronic systems provider has already supplied Bombardier over 700 auxiliary power electronics units for its train carriages, in su
Read moreTurbo Power Systems wins new contract, extends loan agreement
13th May 2014 08:34
Electrical machines provider Turbo Power Systems (TPS) has been selected by UK Power Networks to supply a new design of electrical energy controller on the electricity distribution networks in London and Brighton. The project, which is part of the UK Power Networks' Flexible Urban Networks Low Volt
Read moreTriple Plate signs deal with Newmont Exploration
13th Mar 2014 10:26
Triple Plate Junction (TPJ) has signed a licence agreement with Newmont Exploration, a subsidiary of Newmont Mining Corporation, granting it access to various Newmont exploration activities. The database covers activities in Myanmar (formerly known as Burma), Lao PDR, Malaysia, Indonesia and Cambo
Read moreTurbo Power Systems reduces FY losses after tightening costs
13th Mar 2014 09:45
Technology developer Turbo Power Systems gave investors some welcome news on Thursday, reporting a 21 per cent increase in full-year revenue alongside a reduction in overall net losses. Predominantly as a result of better controlling costs, profitable projects and increased margins on certain contr
Read moreTurbo Power Systems soars on 7.7m-dollar rail order
25th Apr 2013 09:22
Shares in Turbo Power Systems(TPS) advanced sharply on Thursday after the AIM-listed engine and generator manufacturer received a further purchase order from Bombardier Transportation worth 7.7m dollars. The company announced an initial contract with Bombardier Transportation in January 2007, in su
Read moreTurbo Power Systems extends loan agreement and signs new contract
2nd Apr 2013 08:54
Turbo Power Systems, which describes itself as an innovative electrical machines and electronic systems provider, has extended its existing loan agreement with TAO Sustainable Power Solutions. Separately, the company has also secured a commercial contract to assist Vale Soluções em Energia (VSE), T
Read moreTurbo Power Systems shares rocket as revenues rise
11th Mar 2013 08:56
Turbo Power Systems shares soared in early Monday trading after the company announced an increase in revenues for 2012. The firm, which designs and manufactures power solutions for aerospace, rail and industrial sectors, saw revenues grow 9.0% year-on-year to £15.7m. The business benefited from g
Read moreTurbo Power Systems receives spare parts order
7th Mar 2013 13:18
Turbo Power Systems, an AIM-listed engineering firm, has received a spare parts purchase order from Bombardier Transportation to be fulfilled this year and next. The $3.2m order forms part of a $14.2m contract to supply the Chicago Transit Authority with auxiliary power units for its new fleet of
Read moreTurbo Power systems awarded grant worth 1.1m pounds
22nd Feb 2013 08:42
AIM-listed engineering firm Turbo Power Systems has been awarded the first instalment of its regional growth fund grant worth 1.1m pounds. The company reported that the grant would be payable in two instalments, the conditions for the first award of £0.75m having been met and approved. The balance
Read moreSmall caps round-up: Sweet, 3D Diagnostic, Turbo Power...
6th Aug 2012 10:21
Sweet Group, an international property and infrastructure consultancy, has appointed Colin Bartlett as Senior Director with responsibility for the group's project management service offering across London and the South-east, and Helen Pickering as Project Director within its healthcare team. Bartlet
Read moreFall in production hits Turbo Power
13th May 2011 15:51
Turbo Power Systems (TPS) reported losses of £1.62m in the first quarter, which the company put down to a fall in production. This compared with the generator designer's £0.02m loss over the same period of 2010 but was considerably less than the £2.97m loss in the fourth quarter of last year. TPS
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