PLASTCS CAPTAL: interims reassure and give the shares a boost
The results statement commented that volumes are starting to recover from low point in first half calendar 2009 with international sales leading the recovery and now representing 62% of total. As many other UK based exporters have experienced, sterling weakness is boosting revenue, margins and competitiveness; the group hedges forward approximately 12-18 months to assist with the predictability of earnings and cash flow.
The strong cash flow has resulted in net debt reduced by £1.5m…
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