10th Apr 2014 10:08
LONDON (Alliance News) - Scapa Group PLC Thursday said it expects its full-year performance, before exceptional items, amortisation of intangible assets and legacy pensions costs and finance charges, to be slightly ahead of expectations after a stronger second-half to the year.
A healthy cash flow resulted in the company ending the year with GBP5.3 million in net cash, Scapa said.
Scapa Group said the progress reported in its interim results in November has continued.
The bonding materials manufacturer reported a GBP5.8 million first-half pretax profit in November, a 21% increase.
Scapa Group expects to report its full-year results on May 28.
Scapa shares were Thursday quoted at 119.00 pence, up 3.5.%.
By Samuel Agini; [email protected]; @samuelagini
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