27th Sep 2013 08:08
LONDON (Alliance News) - RPC Group PLC, a rigid-plastic packaging supplier, said Friday it expects activity levels for the half year ended September 30 to be slightly ahead of the previous year.
The company said in a pre-close trading statement that it expects operating profit in line with expectations as it benefits from a favourable exchange rate and its Fitter for the Future programme.
It cautioned that the price of polymer, a key input for its products, will have risen to near record levels by the end of the half year.
"The performance for the first half year is very satisfactory against the backdrop of a continuing challenging economic environment," said Chief Executive Officer Pim Vervaat, "The group is well placed to benefit from an economic recovery in Europe based on our good market positions, leading technological capabilities and continued investment growth."
Shares in RPC were trading down 4.00 pence at 460.60 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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