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22 Mar 2017 07:00
Cropper(James) PLC
22 March 2017
James Cropper plc ("James Cropper" or the "Company")
Trading update
The Board of James Cropper PLC is pleased to issue a positive trading update for the 52 weeks to 1 April 2017.
During the year James Cropper experienced healthy sales growth across both the Paper and Technical Fibre Products businesses. The impact of foreign exchange movements has also been favourable to our export business
Accordingly, the Board expects the results for the year ending 1 April 2017 to be moderately ahead of its previous expectations. Additional modest gains may also be realised from the capitalisation of development costs in its 3DP division, the treatment of which is currently under consideration. The outlook for next year remains encouraging with growth expected across all three businesses.
The Board also wishes to announce that Doug Mitchell, a Non-Executive Director of James Cropper for 5 years, is retiring at the end of this month. The post of Non-Executive Director will be filled in the coming months. The Board wishes to thanks Doug for his strong contributions to the Company during his time with James Cropper.
This announcement contains information which would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further enquiries please contact:
James Cropper plc (AIM:CRPR) |
01539 722 002 |
Phil Wild, Group Chief Executive Isabelle Maddock, Group Finance Director
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www.cropper.com |
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Stockdale Securities Limited | 020 7601 6100 |
Robert Finlay Richard Johnson David Coaten
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www.stockdalesecurities.com |
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