Plastics Capital (AIM: PLA) – results broadly in line but loads of adjustments!
07/12/2015 · Plastics Capital (IPO)
Revenue for the 6 months ending 30 September 2015 was up 48% to £24.5m, driven by the acquisition of Flexipol. While underlying pre-tax profit was down only 1.4% at £1.5m and earnings per share down 13.6% at 4.0p (although up 7% at constant currency and polymer prices), the reported figures were a pre-tax profit of only £761k. We aren’t clear how one can factor in an adjustment for polymer prices!
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