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Chapelthorpe PLC (CPL)

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Tuesday 23 March, 2010

Chapelthorpe PLC

Trading Statement

RNS Number : 9719I
Chapelthorpe PLC
23 March 2010
 



 

TRADING UPDATE

 

CHAPELTHORPE PLC ("the Group")

 

 

Chapelthorpe plc, a leading manufacturer of polypropylene fibre which is supplied to markets world-wide, provides an update on trading for the six months to 31 March 2010 prior to the release of its preliminary results in June.

 

At the time of our half year results on 24 November 2009 we noted that the Group was making good progress in improving operating returns and this has continued in the second half of the year.

 

In the US, our business has continued to benefit from strong demand in the filament yarn sector and gains in market share.  In Europe, our business has continued to benefit from efficiency improvements and sales mix.  Overall, volumes will be similar to last year but the combination of these factors has helped generate improved margins.  As a consequence, operating profits for the full year are expected to be well ahead of last year.

 

For further information, please contact:

 

Leslie Goodman

Chapelthorpe plc                                                                               0113 285 9020

 

Ian Powell

Chapelthorpe plc                                                                               0113 285 9020

 

Andrew Emmott

Brewin Dolphin Limited                                                                    0845 213 4730

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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