29 June 2010 – preliminary results

The fast growing niche plastics products manufacturer reported good profit growth driven by lower costs, improved margins and weaker sterling.  There has been a solid recovery in sales volume from a low point in March 2009 which has been driven by international sales,  and the group continues to focus on expansion in China, India, USA and Brazil.  All group subsidiaries are profitable and strong cash flow has enabled the group to reduce bank debt by £2.9m to £16.1m.  BUY