RPC on track for FY

Plastic packaging manufacturer RPC said it expects full year adjusted pre-tax profit to be ahead of last year and in line with management expectations."The financial position remains robust and a good cash performance is anticipated for the year," RPC said in a company statement.Revenue in the financial year 2009/10 however is down compared to last year as volumes have reduced, the group warned. RPC added that the volume shortfall continues to be more than compensated by a restoration of margins and a significantly lower cost base.