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Top asset management team helps you profit without hassle
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Gates Industrial Corporation Plc Q4 Profit Climbs
Gates Industrial Corporation Plc (GTES) reported a significant increase in its fourth-quarter profit, with earnings climbing to $51.3 million, or $0.20 per share, compared to $36.5 million, or $0.14 per share, in the prior year. Excluding certain items, the company’s adjusted earnings were $99.2 million, or $0.38 per share. Revenue for the period also saw a rise of 3.2% to $856.2 million from $829.4 million last year.