Scapa Group ups profit guidance

published 12 April 2012

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.