Scapa sees big jump in profits
Bonding materials firm Scapa announced a big jump in profits in the year to the end of March and said trading was in line with expectations so far in 2012.
Bonding materials firm Scapa announced a big jump in profits in the year to the end of March and said trading was in line with expectations so far in 2012.
Profit before tax increased 72.1% to £10.5m and basic earnings per share increased 87.5% to 4.5p.
The numbers were driven by strong performances in its industrial and healthcare markets, but its electronics business proved a drag.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

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
Revenue grew 1.7% to £195.6m with trading margins improving to 5.5% from 4.2% the year before.
But the firm said it would pay no dividend for the year and the future recommendation of dividends would remain under review "as the group continues to make progress towards sustainable profitability and cash generation".
"We continue to be mindful of the current macro-economic issues but we are well positioned to continue to execute the self-help agenda and to invest in repositioning the Group towards higher value added business," said Chairman JAS Wallace.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%
Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the US
Medium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.