Norcros – 16.625p

11 April 2013 – trading update

The year to 31 March saw trading in line with expectations.  Group revenue for the year is expected to be around £210m (2012: £200.3m), representing growth of 5% on a reported basis and 10% on a constant currency basis.  Group underlying operating profit is expected to be around £13.0m (2012: £12.1m) and underlying profit before taxation is expected to be around £11.7m (2012: £10.7m).  There is scope for the share price to move significantly higher in the medium to long term.  BUY.

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