Low & Bonar overcomes rising costs as profits jump

Industrial fabric maker Low & Bonar was able to overcome a weaker macroeconomic climate and rising raw materials costs to post a strong rise in both profits and sales in the year ended November 30th.

Industrial fabric maker Low & Bonar was able to overcome a weaker macroeconomic climate and rising raw materials costs to post a strong rise in both profits and sales in the year ended November 30th.

Profit before tax rose from £18.6m to £23.4m year-on-year, while the operating margin improved from 7.5% to 7.9% in spite of what its Chairman described as "severe raw material price inflation for most of the year". The group said it was on track to reach its medium-term operating margin target of 10%.

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