20th Feb 2014 09:12
LONDON (Alliance News) - Essentra PLC Thursday said its pretax profit in 2013 grew by 15%, buoyed by further expansion in both existing and new markets and new business wins.
In a statement, Essentra said it made a GBP86.4 million pretax profit in 2013, compared with a GBP74.9 million pretax profit for the year prior.
Revenue grew to GBP798.1 million from GBP663.4 million supported by growth in Essentra's cigarette filters business.
Its filters business contributed GBP269.9 million of Essentra's revenue, with particularly strong growth in Asia meaning the region accounted for 61% of volumes.
"Essentra is well-positioned for further balanced, profitable growth in 2014 and to continue to deliver its Vision 2015 objectives of at least mid single-digit like-for-like revenue growth and double-digit adjusted EPS growth at constant exchange," Colin Day, Chief Executive, said in a statement.
Essentra declared a dividend of 15.4 pence, up from 12.5 pence last year.
Essentra shares were Thursday quoted at 880.50 pence, down 13.50 pence, or 1.5%.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Essentra