Glaston Corp.’s 2015 annual review was recently published. The annual review contains the company’s board of directors’ review, 2015 financial statements and corporate governance statement.

According to the report, Glaston’s “divestment of [its] pre-processing machine operations in the middle of the year was the defining event of Glaston’s entire year. Focusing on heat treatment technology and service business streamlined the company and will also support positive development of profitability in the future.”

Glaston’s net sales in 2015 totaled $137 million (123.4 million Euros), representing growth of 12 percent compared with the previous year. Net sales growth was boosted particularly by good sales in North America, according to the report.

The company’s comparable operating profit, excluding non-recurring items, was $6.8 million (6.1 million Euros). “Profitability was improved not only by net sales growth but also by the divestment of pre-processing machine operations and optimization of processes,” reads the report.

Note: All figures were converted from EUR to USD at press time.