Devro profit dives 20%, bright outlook

Sausage skin maker Devro served up significantly smaller full year profits, following the disposal of its German distribution business Devro GmbH, but said underlying growth prospects for its global markets remain encouraging.

Sausage skin maker Devro served up significantly smaller full year profits, following the disposal of its German distribution business Devro GmbH, but said underlying growth prospects for its global markets remain encouraging.

Pre-tax profit was squeezed down to £43m in the year ended 31 December compared to £54m the year before. Revenue increased to £227.7m during the period from £213.6m previously.

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