13th Oct 2015 08:37
LONDON (Alliance News) - Scapa Group PLC, which supplies bonding materials, on Tuesday said its trading for the first half was ahead of the same period the prior year and in line with expectations.
In an update for the six months ended September 30, Scapa said that First Water, the healthcare acquisition made in February, has continued to perform well. It made a "positive contribution" to group performance, Scapa said.
"The project announced in April 2015 to close our manufacturing facility in Rorschach Switzerland is progressing well and as planned. When complete the project is expected to deliver annualised cost savings of GBP2 million," Scapa said in a statement.
Shares in Scapa were up 1.7% at 195.00 pence on Tuesday morning.
By Samuel Agini; [email protected]; @samuelagini
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