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PR Newswire
23-08-2024, 11:47 AM
FoundPac is a precision engineering company. It is in the same sector as Notion. While Notion share price has seen a quantum leap since May of this year, there is no such jump for FoundPac
While FoundPac had been able to deliver revenue growth over the past 9 years, profits were declining. This was because revenue came from the Group venturing into new product segments that did not have good margins.
But its precision engineering business has delivered good returns. But the newer segments such as cables and connectors and even automation are not pulling their weights.
Notion share price uptrended because of the ramp up its precision engineering business. Is FoundPac going to have the same business benefit in the coming few months?
While FoundPac had been able to deliver revenue growth over the past 9 years, profits were declining. This was because revenue came from the Group venturing into new product segments that did not have good margins.
But its precision engineering business has delivered good returns. But the newer segments such as cables and connectors and even automation are not pulling their weights.
Notion share price uptrended because of the ramp up its precision engineering business. Is FoundPac going to have the same business benefit in the coming few months?