Low & Bonar expects profits to cruise past last year

Industrial fabric maker Low & Bonar said it expects first half sales and profit to be comfortably ahead of last year as solid trading continues.

"This will be the fifth consecutive half year of profitable growth. Despite the weakness of the euro, the group expects full year results to be in line with expectations," the group said in a company update.

The group which manufactures performance materials that are used in floors, yarns, fabric and plastics, said it will post its interim results for the six months to the end of May on 17 July.

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Shares in the group rose 3.25p at 53p around 9:00am in London trading.

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