StockMarketWire.com - Niche plastics manufacturer Plastics Capital booked booked a higher first-half profit after it boosted sales in its film and industrial divisions.

Pre-tax profit for the six months through September rose 75% to £2.1m, as revenue rose 11% to £40.6m.

The company did not declare an interim dividend.

'I am pleased to report continued strong organic revenue growth across the group,' chairman Faisal Rahmatallah said.

'This is now being reflected in improved profitability as the mix of revenues in our two divisions has rebalanced and because we are now feeling the full effect of Sterling's devaluation in 2016 after the Brexit vote.'

Rahmatallah said the company's order books were healthy and 'good' sales growth was expected to continue for the foreseeable future if economic conditions remained satisfactory.

Full-year profit were expected to rise in line with current consensus market expectations, he said.




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