14th Dec 2005 07:00
Yule Catto & Co PLC14 December 2005 Yule Catto & Co plc Pre-close Trading Statement Trading conditions for the Group in the second half of the year remain similarto that indicated in the interim statement, with results anticipated to bebroadly in line with market expectations. Polymer Chemicals continue to face high raw material costs, but the benefit ofgood volume and somewhat better prices has enabled operating margins to moveforward. Unit sales of pharmaceutical active ingredients have been solid, butwith no new major product launches, the normal pricing erosion of our genericproducts has impacted profitability. On 7th December 2005, we confirmed the sale of Autoclenz Limited, the latesttransaction involved in the reshaping of Performance Chemicals. To date, thisprocess has delivered gross proceeds of £22 million and further restructuring isanticipated. 14 December 2005 ENQUIRIES: YULE CATTO Tel: 01279 442791 Alex Walker, Chief Executive Sean Cummins, Finance Director COLLEGE HILL Tel: 020 7457 2020 Gareth David This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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