Margin gains offset slumping volumes at Yule Catto

Volumes took a dive in the fourth quarter at Yule Catto but the market was reassured that the chemicals group is still on track to deliver 2011 results in line with expectations.

Volumes took a dive in the fourth quarter at Yule Catto but the market was reassured that the chemicals group is still on track to deliver 2011 results in line with expectations.

Having seen modest declines in volumes in the third quarter, the rate of year-on-year decline accelerated in the fourth quarter to the "mid-teens". The company had previously attributed the easing off in orders to de-stocking. Happily, the Harlow based company said the declines have been offset by margin management.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.