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Plastics Capital records double-digit first-half sales growth

Fri, 05th Oct 2018 10:01

(Sharecast News) - Niche plastics outfit Plastics Capital told investors on Friday that it had continued to trade in line with market expectations across the first six months of its trading year.In the six months ended 30 September, sales grow at double-digit rates, with profitability boosted as the revenue mix shifted towards its higher-margin industrial division.Plastics Capital also said currency had been "helpful", as the benefit of the sterling's post-Brexit referendum weakness was now being felt with forward contracts taken out prior to that time being settled and replaced.Besides the strong performance from its industrials division, the AIM-listed revealed its films unit had also continued to perform well and derive "the best from the combination of the three businesses that we have brought together".Chairman Faisal Rahmatallah, said: "Significant organic growth is being achieved across both our Divisions. Except for our mandrels business, the order books are healthy. We continue to add capacity to fulfil this demand and to enable future growth thereafter.""We have made a good start to the year and anticipate a year of further good progress."As of 1000 BST, Plastics Capital shares had picked up 1.80% to 113p.
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19 Feb 2015 10:19

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9 Feb 2015 08:40

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15 Sep 2014 08:59

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14 Jul 2014 08:45

Plastics Capital Receives Commitment From Major Auto Manufacturer

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30 Jun 2014 11:27

Plastics Capital Full-Year Profit Up Despite Mixed Trading

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30 Apr 2014 14:58

Plastics Capital Says Full-Year Trading To Meet Expectations

LONDON (Alliance News) - Plastics Capital PLC Wednesday said it expects trading in its last financial year to be in line with market expectations, as strong demand for its products drove up sales during the year. The niche plastic products group said that sales in the year ended March 31, w

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28 Mar 2014 11:37

Plastics Capital Completes Shengli Buy, Gets New Banking Facility

LONDON (Alliance News) - Plastic products company Plastics Capital PLC Friday said it has now completed its acquisition of Shengli Printing Science and Technology Co Ltd and has also signed a new GBP10.5 million committed banking facility with Barclays Bank. In a statement, the maker of pro

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7 Mar 2014 11:55

Plastics Capital Acquisition Of Shengli To Be Completed By March 31

LONDON (Alliance News) - Plastics Capital PLC said Friday that it expects to complete the acquisition of Shengli Printing Science and Technology Co Ltd by March 31. The company said it had delivered supplementary information that had been requested by the local Commissions of Commerce, and

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4 Feb 2014 11:44

Plastics Capital Says Q3 Trading In Line With Expectations

LONDON (Alliance News) - Plastics Capital PLC Tuesday said trading in the third quarter has continued in a similar pattern to the first-half of the year, with strong sales of mandrels and improving sales of creasing matrics and films recorded. The niche plastics products group said demand f

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4 Feb 2014 08:29

UK MORNING BRIEFING: Shares Open Lower; Ocado Losses Widen

LONDON (Alliance News) - UK shares have opened lower Tuesday amid continued worries about the US economy.

Ocado shares are down 4.5% as it reported a wider pretax loss for 2013, though the online grocer said it expects to reach profitability this year.

Br

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8 Jan 2014 12:10

Plastics Capital delays completion of Shengli acquisition

Plastics Capital shares were hit on Wednesday after the group said completion of its acquisition of Shengli Printing Science and Technology would be delayed around two months to the end of February. The plastics products manufacturer said the delay was due to requests for additional information fr

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