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James Cropper profit up 42% as pulp prices soften

By BFN News | 02:00 PM | Tuesday 19 November, 2019


Paper manufacturer James Cropper posted a 42% rise in first-half profit, partly driven by a softening of pulp prices. Pre-tax profit for the six months through 28 September rose to £2.0m up from £1.4m on-year. Revenue climbed 5% to £52.8m and the company held its dividend steady at 2.5p per share. 'Paper sales are projected to grow year-on-year with the benefits of an improved mix and a softening of pulp price leading to a return to profit,' chairman Mark Cropper said. At 2:00pm: (LON:CRPR) Cropper James PLC share price was +25p at 1400p Story provided by StockMarketWire.com

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