Powerflute Oyj (AIM:POWR) - decent results after a big year for the packaging papers business
Overall Group revenues excluding non-recurring increased 16% to €150.1m and earnings per share on the same measure increased 17% to 3.8 cents per share. Results were impacted by a significant acquisition completed in December.
On a like for like basis revenues from Packaging Papers increased 4% to €134.4m and operating profit increased 7% to €13.0m.
Management commented how Packaging Papers has made an encouraging start to the year, with a good operational performance backed…
Previous article Next article