Plastics Capital Share News (PLA)

Plastics Capital Information

There is currently no data for PLA

Plastics Capital's investments pay off in first half

Mon, 05th Dec 2016 11:15

(ShareCast News) - Plastics Capital's investments in new products has led to higher revenues across both its divisions.The AIM-listed plastics products manufacturer reported revenue rose by 13.4% to £27.8m in the six months ended 30 September 2016. Industrial Division revenue was up 19.2%, led by key accounts growth in bearings business. Films Division revenue was up 9.2%, led by continued growth of Flexipol, the company's packaging manufacturer.Sales from new projects that have yet to enter into production amount to £6.3m, up from £4.8m at the end of the previous period.Earnings before interest tax depreciation and amortisation (EBITDA) rose by 10.8% to £2.7m and profit before tax was up 7.3% to £1.6m.The firm's acquisition of Synpac Limited for £3.1m in July has made a "good initial contribution" to the company's profits. Synpac converts packaging films into vacuum bags and pouches used in food manufacturing and distribution.Expenditure on business development, new products and management rose by 18% during the period, with £1.3m invested in development and capacity expansion projects.Post Brexit vote, the devaluation of sterling has positively affected the business, contributing £0.2m to underlying EBITDA in the first half.Earnings per share were up 7.3% to 4.3p and dividend per share was constant at 1.46p.Executive chairman Faisal Rahmatallah said: "We continue to increase investment in business development, new products and additional capacity and capabilities. Order books are healthy and we anticipate a significant improvement in performance during the second half year which will benefit from the seasonal demand upswing and a full contribution from Synpac. The board expects the group to continue to perform in line with expectations for the rest of the financial year."The share price rose 2.99% to 120.50p at the close on Monday.

More News

3 Dec 2018 11:01

Plastics Capital To Become Synnovia In Move Against Plastic Waste

LONDON (Alliance News) - Plastics Capital PLC on Monday reported a significant drop in interim profit due to a large swing in the impact of foreign exchange movements, as the company is proposing

3 Dec 2018 10:15

Plastics Capital sees decent first-half growth

(Sharecast News) - Niche plastics products manufacturer Plastics Capital issued its unaudited interim results for the six months ended 30 September on Monday, which were reportedly in line with its own expectations.

26 Nov 2018 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 27 November IntertekTrading Statement CranswickHalf Year Year Year Year Year

5 Oct 2018 10:01

Plastics Capital records double-digit first-half sales growth

(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.

2 Jul 2018 13:34

Plastics Capital Increases Profit Due To Outstanding Organic Growth

LONDON (Alliance News) - Plastics Capital PLC said Monday its annual profits and revenue increased after an "outstanding year for organic growth".For the year ended March 31, its

16 Mar 2018 16:59

DIRECTOR DEALINGS: Plastics Capital Non-Executive Director Buys Shares

LONDON (Alliance News) - Plastics Capital PLC said Non-Executive Director Keith Butler-Wheelhouse acquired shares in the packaging company in a transaction on acquired on at a

13 Feb 2017 09:14

Plastics Capital full-year results to be in line with expectations

(ShareCast News) - AIM-listed manufacturer Plastics Capital anticipates that full-year results will be in line with expectations after revenue in the third quarter exceeded forecasts. The plastics company said that third quarter revenue were ahead of expectations following stronger than anticipated

28 Sep 2016 12:14

Plastics Capital says trading in line with market views

(ShareCast News) - AIM-listed Plastics Capital said on Wednesday that trading for the financial year to date was in line with market expectations. The niche plastics group said trading in the six months to the end of March shows improvement on the previous year, mostly thanks to organic sales grow

18 Jul 2016 11:20

Plastics Capital bags Synpac for £3.1m

(ShareCast News) - AIM-listed niche group Plastics Capital said it had bought Synpac, a specialist manufacturer of vacuum bags and pouches for the food processing industry, for £3.1m, on a cash and debt-free basis. The company said the purchase would be satisfied through existing debt facilities and

18 Jul 2016 07:59

Plastics Capital Acquires Packaging Firm Synpac For GBP3.1 Million

14 Jul 2016 17:13

DIRECTOR DEALINGS: Plastics Capital Non-Executive Buys Shares

4 Jul 2016 06:46

Plastics Capital Ups Dividend By 10% After Turning To Profit

3 May 2016 07:26

Plastics Capital Results To Meet Market View On Good Second Half

15 Feb 2016 11:19

Plastics Capital weathering tough industrial conditions

(ShareCast News) - Plastics Capital said it was weathering a number of difficult market conditions on Monday, updating the market on its third quarter operations, which were broadly in line with expectations. The AIM-traded plastic products firm said group revenues were continuing to show a signific

Latest Share Chat

Plastics Capital Share News (PLA)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Plastics Capital's investments pay off in first half

Login to your account

Quickpicks are a member only feature

Login to your account