Foam products maker, Zotefoams, reported a strong first half with profits and revenues up towards double digits.
Profit before tax rose by 9.5% to £3.59m on revenues that were up 9.9 % to £24.81m.
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
The company's Chairman, Nigel Howard, noted the turbulent macroeconomic conditions.
"During the first half of 2012, traditionally our more profitable trading period, we have delivered a strong performance in profit and operating cash generation," he said.
"We have made good underlying progress in the higher-growth parts of our business such as HPP and Azote foams in Asia, supported by a robust performance across the wider portfolio of our operations which will stand us in good stead for the future."
"With a strong forward order book, the company is trading in line with the board's expectations for the full year and we expect 2012 to be a year of further progress," he added.
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
