Cropper’s first-half results to September 2017 show TFP sales (up 20% YoY to £12.1m) continue to drive group sales up 4.4% to £47.4m. This has enabled the group to deliver a 17% increase in adj. PBT in the face of rising pulp prices impacting James Cropper Paper (JCP) and further start-up costs hitting 3DP. While we make no changes to any of our group forecasts, this is largely due to upgraded TFP forecasts as pulp prices continue to be a headwind for JCP in the short term.
14 Nov 2017
Forecasts unchanged due to TFP growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Forecasts unchanged due to TFP growth
James Cropper plc (CRPR:LON) | 255 0 0.0% | Mkt Cap: 24.4m
- Published:
14 Nov 2017 -
Author:
Robert Sanders -
Pages:
8
Cropper’s first-half results to September 2017 show TFP sales (up 20% YoY to £12.1m) continue to drive group sales up 4.4% to £47.4m. This has enabled the group to deliver a 17% increase in adj. PBT in the face of rising pulp prices impacting James Cropper Paper (JCP) and further start-up costs hitting 3DP. While we make no changes to any of our group forecasts, this is largely due to upgraded TFP forecasts as pulp prices continue to be a headwind for JCP in the short term.