AEA Technology back in profit

Technical, energy and sustainability consultant AEA Technology Group has returned to profit according to its six month financial report ending 30 September. Its pre-tax losses fell to £2.1m, down from £8.8m a year ago, and revenue was up five per cent to £53.5m. The group’s lender, Lloyds Banking Group, has agreed financial covenants for 2012, granting AEA Technology access to the banking facility for the foreseeable future. The company yesterday also announced the appointment of John Lowry as its interim CEO.