James Cropper (AIM:CRPR) – an unusual blend of high growth and low growth
The advanced paper products group, offering an unusual blend of high tech and low tech products announced inline interim results to 26th September 2015. Without the foreign exchange hit they would have been marginally ahead.
Overall Group revenue was up 4.96% to just over £42m but operating profit (before interest and excluding IAS19 impact) was up a more material 26.7% to £1.8m driven by a strong performance from the Group’s Technical Fibre Products (‘TFP’) business. Earnings per share were up 24% to 8.3p.
While the James Cropper Papers business generated revenue of £33.7m (Half year 2014: £33.4m), if history is any guide, the contribution to operating profit will be quite…
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