10th Sep 2013 06:56
LONDON (Alliance News) - Polymer technology company Fenner PLC Tuesday said it expects its full-year results to be in line with expectations after a successful end to the year, and it still expects to return to growth in the current year.
In a trading statement, the company said net debt at the end of the year was better than expected at about GBP125 million, thanks to the timing of capital expenditure payments, reduction in working capital and beneficial exchange rate movements.
"Trading conditions across the group have remained broadly unchanged since the interim management statement on 18 July 2013, and the group continues to anticipate a return to growth in its 2013/4 financial year," it said in a statement.
The company will release its results for the year to the end of August on November 13.
By Steve McGrath; [email protected]; @SteveMcGrath1
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