Revenues down but profits up at Avon Rubber

It was good news for Avon Rubber as profit before tax rose for the year ended 30 September, despite a fall in revenues.

It was good news for Avon Rubber as profit before tax rose for the year ended 30 September, despite a fall in revenues.

Revenue dropped from £117.6m to £107.6m, but pre-tax profits soared from £7.1m to £10.2m, equivalent to 25.2p basic earnings per share (2010: 15.2p), after costs of sale and administration fell.

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