StockMarketWire.com - Carclo has traded in line with its expectations for the financial year ended 31 March. It said Technical Plastics has benefited from a strong Q4 and margins in this division continue to increase as high quality new programs are integrated in our global operations.

It adds: "Our capacity expansions in the US and Czech Republic are now complete and we expect our new facility in China will become fully operational during the new financial year. We have also started to increase capacity in India and at Tucson in the US with the securing of additional leased facilities. Overall these expansions will facilitate our continued growth in our key regions. "The LED Technologies division has also experienced a stronger second half at both Wipac and its LED Optics business. Wipac has continued to win additional supercar lighting programs and its recent capacity upgrade will facilitate the further growth we expect in this business.

"Our Precision Engineering division has had a good year and we anticipate further moderate growth in this business in the new financial year.

"Progress at Carclo Diagnostic Solutions has been encouraging with advances in microfluidics and plastics optimisation providing an increasingly strong underpinning for our Micropoc platforms. We have undertaken a third party commercialisation review which has resulted in an increased focus on the Troponin and CRP applications as these present the greatest commercially viable opportunities."





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