Despite record half-year sales from TFP, Cropper’s interim results reflect the impact of higher pulp prices on profits as flagged in September’s trading update. The group adj. PBT of £1.9m (vs £2.8m) was on sales of £50.3m (£47.4m) and the interim dividend of 2.5p was maintained. We are encouraged by the prospects and capex programme for TFP and 3DP. We have slightly increased each of our group sales forecasts but not changed any of our adj. PBT forecasts.
13 Nov 2018
TFP growth continues
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TFP growth continues
James Cropper plc (CRPR:LON) | 260 0 0.0% | Mkt Cap: 24.8m
- Published:
13 Nov 2018 -
Author:
Robert Sanders -
Pages:
8
Despite record half-year sales from TFP, Cropper’s interim results reflect the impact of higher pulp prices on profits as flagged in September’s trading update. The group adj. PBT of £1.9m (vs £2.8m) was on sales of £50.3m (£47.4m) and the interim dividend of 2.5p was maintained. We are encouraged by the prospects and capex programme for TFP and 3DP. We have slightly increased each of our group sales forecasts but not changed any of our adj. PBT forecasts.