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28 Jun 2013 07:00
28 June 2013
BRITISH POLYTHENE INDUSTRIES PLC
PRE-CLOSE TRADING STATEMENT
The Board of British Polythene Industries PLC today provides a pre-close update on current trading.
As indicated at the time of the AGM on 9 May 2013, we anticipated the first half would produce a good result. We can now confirm that we expect an outcome comfortably ahead of the comparative period in 2012. This underpins our confidence in current market expectations for the full year.
Despite a slow start, due to a colder than normal spring, we are pleased to report that the agricultural films markets have proved resilient, compensating for the lower volumes and continued down gauging seen in other products. The Group currently anticipates overall volumes to be similar to the first half of 2012.
Our raw material input costs eased in April and May, and while we are currently seeing increases in June, it seems unlikely that overall market demand will support this reversal.
The interim results for the six months to 30 June 2013 will be announced on 27 August 2013.
Enquiries:
Cameron McLatchie, Chairman | British Polythene Industries PLC | 01475 501000 |
John Langlands, Chief Executive | British Polythene Industries PLC | 01475 501000 |
Charlie Palmer/Lucy Delaney | FTI Consulting | 0207 831 3113 |
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