| CATEGORY: SMALL CAPS NEWS SECTOR: CHEMICALS |
Carclo looking for strong second half |
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Fri 02 Oct 2009
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LONDON (SHARECAST) - Technical plastic components supplier Carclo expects full year operating profit to be at similar levels to last year on the back of a much stronger performance anticipated in the second half.
The group said it expects around two-thirds of group operating profits will be generated in the October to March period.
Second half growth in the Technical Plastics division should be driven by the expansion of a number of new medical programmes, as well as by new business recently won.
The group is looking for Wipac’s specialist lighting business to pep up the performance of the Precision Products but the Aerospace division is projected to continue experiencing weak demand in the second half of the financial year.
The balance sheet remains strong and debt is well within agreed boundaries, the company said.
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