2010 Interim Highlights
Strong trading performance, Good progress towards medium term financial targets
- Strong and broadly based sales growth up 11.7% (14.1% on a constant currency basis)
- Normalised profit before tax up 31.4% (33.9% on a constant currency basis)
- £31.3m year-on-year improvement in net debt level
- Interim dividend of 0.5p per share (2009: nil) reflects confidence
- Performance Technical Textiles sales improved by 13.6%, at constant currency, with an impressive contribution from Colbond
- Technical Coated Fabrics performed well, with sales up 15.2%, at constant currency, and a significant uplift in margins
- Joint venture grass yarn production facility in Abu Dhabi now in commercial production