20 Dec 2011 07:00
PRE CLOSE PERIOD TRADING UPDATE
20 December 2011
Prior to entering the close period ahead of the preliminary results for the year to 31 December 2011, British Polythene Industries PLC has issued an update on current trading.
"Trading remains consistent with that described in our Interim Management Statement of 11 November. There is subdued demand from many industrial customers and, at best, overall flat volumes from the retail sector. We currently expect total volumes for 2011 to be marginally below 2010.
Raw material costs continue to slowly soften, no doubt assisted by poor demand and an increase in the volumes of imported polymer from new sources in the Middle East.
Despite this difficult trading environment, we expect our results for 2011 to be at the top end of market expectations, as we benefit from the structural changes effected in recent years in the UK, and an excellent performance from our European business.
The preliminary results for the year ended 31 December 2011 will be announced on 5 March 2012."
Enquiries:
Cameron McLatchie, Chairman | British Polythene Industries PLC | 01475 501000 |
John Langlands, Chief Executive | British Polythene Industries PLC | 01475 501000 |
Tim Spratt/Clare Thomas | FTI Consulting | 0207 831 3113 |