20th Jul 2005 12:07
RPC Group PLC20 July 2005 20 July 2005 RPC Group PLC AGM Trading Update At the Group's AGM held at midday today, Peter Williams, Chairman, made thefollowing comments regarding the Group's current trading: "When we announced our preliminary results on 7 June we stated that we wereencouraged by the good start that had been made to the new financial year. "The Group continues to trade well benefiting from falling polymer pricesdespite weakness in the UK market. Further progress has been made with theintegration of the Nampak acquisition, with the development of the pipeline ofincoming projects and with the organic growth of our existing business. Polymerprices however appear to have bottomed out and may well begin recovering inresponse to rising energy prices. Electricity prices in the UK also appear setto rise substantially from 1 October. Given the size of these increases we willhave no choice but to seek to pass the full amount on to our customers. "Despite these unsettled market conditions the overall prospects for the Groupremain unchanged with the Board anticipating that the Group will make furtherprogress this year." - Ends - For further information: RPC Group Plc 01933 410 064Ron Marsh, Chief ExecutiveChris Sworn, Finance Director Merlin 020 7653 6620Peter Otero 07979 537 408 (mobile) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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