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Scapa sees rise in first-half profit as margins improve

By BFN News | 02:32 PM | Wednesday 10 October, 2018

Bonding solutions supplier Scapa Group said its first-half trading profits and margins had risen, though revenue fell. Revenue for the six months through September fell 3.4%, primarily due to adverse currency movements, the company said. plc (AIM: SCPA) is today providing a period end update for the six months ended 30 September 2018. Healthcare revenue grew 0.2%, or 3.4% on a constant currency basis. 'We anticipate the tech transfers and new programs will, as previously announced, start to benefit revenues during the second half of the year,' Scapa said. Industrial profit and margin improved on lower revenue, and the company said it continued to make good progress toward its medium-term margin target of 15%. 'We remain confident of strong progress for the year and we anticipate the profit for the year will be in line with expectations, excluding the impact of the recently announced Gargrave healthcare transaction,' Scapa said. 'Further details and the impact of this transaction will be included in the half year results which we expect to announce on 20 November 2018.' At 2:32pm: (LON:SCPA) Scapa Group PLC share price was -20.6p at 403.2p Story provided by

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