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Polypipe swings to interim profit

Thu, 20th Aug 2015 11:55

(ShareCast News) - Plastic piping systems manufacturer Polypipe Group has swung to a profit in the first six months of the year.In the six months to 30 June, the group posted a pre-tax profit of £23.2m compared with the £4.6m loss it recorded in the corresponding period in 2014, when it was hit by costs related to its refinancing and initial public offering.Excluding exceptional items, the company posted a 42% year-on-year increase in pre-tax profit to £23.2m, while revenue climbed 1.3% higher to £170.4m, boosted by a 5.1% year-on-year growth in underlying revenue in the UK."The year started strongly supported by a strengthening market in the UK and we are well placed to capture our share of the anticipated market growth," said group chief executive David Hall."Our strategic initiatives all continue to show good progress over and above the market and the recent acquisition of Nuaire will support our aims to accelerate our growth."The company has lifted its interim dividend by 53% year-on-year to 2.3p per share.Polypipe shares were down 0.72% to 342.50p at 1212 BST on Thursday.
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17 Aug 2016 12:27

Wednesday newspaper share tips: Polypipe, Antofagasta

(ShareCast News) - Polypipe should not be affected by the result of the EU referendum, as its trading performance during the first half of the year attests, according to the Financial Times' Lex. Indeed, sales at the FTSE 250-listed manufacturer of plastic piping systems - of which environmental

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16 Aug 2016 07:26

Polypipe posts record operating margin in first half

(ShareCast News) - Plastic piping and ventilation systems manufacturer Polypipe Group announced its half year unaudited results for the six months to 30 June on Tuesday, with revenue 31% higher at £223.3m. The FTSE 250 firm said its UK revenue for the period was 8.1% ahead, excluding acquisitions, w

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5 Aug 2016 15:30

Sector movers: US jobs data gives cyclicals a boost

(ShareCast News) - The wheels of the market turned in favour of cyclicals at the end of the week, following the release of a much stronger-than-expected reading on the state of the US jobs market. Although economists still appeared to be somewhat divided on whether the US central bank would finally

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28 Jun 2016 13:52

DIRECTOR DEALINGS: Polypipe Group Non-Executive Buys Shares

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8 Jun 2016 10:34

DIRECTOR DEALINGS: Polypipe Group CFO Buys First Shares

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25 May 2016 15:19

UK Dividends Calendar - Next 7 Days

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25 May 2016 09:45

Polypipe reports strong start to the year

(ShareCast News) - Polypipe reported a jump in revenue for the first four months of the year and said it was well placed to deliver on its full-year expectations. In a trading update for the four months to 30 April, the FTSE 250 manufacturer of plastic piping systems said revenue rose 32.5% from th

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25 May 2016 07:18

Polypipe Revenue Surges Amid Improving UK And French Markets

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18 May 2016 15:05

AGM, EGM Calendar - Week Ahead

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21 Apr 2016 15:04

Dividends Calendar - Week Ahead

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1 Apr 2016 16:13

LONDON MARKET CLOSE: FTSE 100 Ends Week Up After "Goldilocks" US Data

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31 Mar 2016 08:16

Another year of impressive growth for Polypipe

(ShareCast News) - Polypipe's first full year as a listed company saw more massive growth, with the plastic piping and ventilation systems manufacturer reporting strong increases in revenue and earnings in its final results on Thursday. Revenue at the FTSE 250 firm grew 8% during the calendar year,

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31 Mar 2016 06:51

Polypipe Profit Doubles On Strong UK Performance And Lower Costs

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24 Mar 2016 16:10

Earnings, Trading Statements Calendar - Week Ahead

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3 Dec 2015 17:24

DIRECTOR DEALINGS SUMMARY: Polypipe Team Sell GBP10 Million In Shares

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