23 November 2023 - trading update
The protective packaging specialist has announced a trading update for the ten month period to 31 October and this has revealed a 2% decline in revenue for the period due to weaker volumes and lower prices. However, due to close control of costs and the introduction of new business as well as the benefit of acquisitions, the company expects to report adjusted pre-tax profits for the year ahead of last year and in line with expectations. That would give earnings per share of around 11.8p making the shares look cheap. They remain a . . .
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