Plastics Capital says business is shaping up well

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Plastics Capital says business is shaping up well
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AIM-listed manufacturer Plastics Capital (LON:PLA) said that trading during the six months ended 30th September was better than during the prior half year. Sales continued to improve at double-digit rates and the product mix has shifted towards higher margin industrial ranges.

Chairman Faisal Rahmatallah commented that: “Significant organic growth is being achieved across both our Divisions. Except for our mandrels business, the order books are healthy. We continue to add capacity to fulfil this demand and to enable future growth thereafter. We acknowledge the issue of plastic waste and whilst the public focus is on single use consumer products which is an area we do not compete in, we are taking significant steps to address it in whatever way possible. We have made a good start to the year and anticipate a year of further good progress.

Shares in Plastics Capital grew by 3.60% to 115p (as of 13:50 BST).

 

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