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.
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