Scapa Group ups profit guidance
Scapa Group, a manufacturer of bonding materials and solutions, has reported a good second half to the year ended March 31st, resulting in both operating profit and profit before tax being significantly ahead of both last year's results and market expectations.
Scapa Group, a manufacturer of bonding materials and solutions, has reported a good second half to the year ended March 31st, resulting in both operating profit and profit before tax being significantly ahead of both last year's results and market expectations.
The operating margin has continued to improve, which the firm says is benefitting from the self help measures of higher quality revenues, efficiency and cost reduction.
Cash at the end of the year was £6.7m following the acquisition of WEBTEC for $30m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.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
NR
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
-
What does a weak yen mean for Japanese stocks?
The Japanese yen has hit its lowest level against the US Dollar since 1986. What does it mean for its stock market?
By Alex Rankine Published
-
Nationwide cuts mortgage rates as they dip below 4% for first time since February
The building society’s cheapest deal is now priced at 3.99%. Whether you’re buying or remortgaging, we look at whether rates could drop further in the coming months
By Ruth Emery Published