Plastics Capital (LON:PLA) not as bad as feared; debt marginally higher but cash flow solid
Full year turnover is now anticipated to be not less than £28 million (thats ahead of initial broker estimates) with underlying profit before tax for the year to 31 March 2009 to be not less than £2 million, after a £1m charge for hedging costs in the year due to sterling depreciation against the dollar. The last sponsored research not from 7th April estimated pre-tax of £2.68m and eps of 10p I assume they…
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