StockMarketWire.com - Carclo's group revenues increased by 17.2% to £57.2m in the six months to the end of September.

Operating profit before exceptional items increased by 82.2% to £4.7 million (2014 - £2.6 million), despite the adverse effects of the weaker Euro, with underlying operating margin increasing 290 basis points to 8.2% (2014 - 5.3%).

Underlying earnings per share increased by 76% to 4.4p (2014 - 2.5p).

Chairman Michael Derbyshire said: "The group's two main manufacturing divisions have produced excellent results in the first half of the year showing substantial progress over the comparative period last year.

"Our strategy to expand the scale and quality of our manufacturing footprint at our existing sites has borne fruit in increased turnover, profitability and improving margins within Technical Plastics and further planned expansions underpin the strong growth prospects for this division.

"We have continued the investment in the manufacturing capabilities at our Wipac facility and have achieved further programme wins, including from a new targeted customer group, significantly increasing the overall profitability of the division.

"We have continued to make good technical progress with Carclo Diagnostic Solutions.

"The board confirms that the group is trading in line with its expectations for the full year and expects the group to have a slightly stronger second half."

At 9:59am: [LON:CAR] Carclo PLC share price was +9.5p at 122p



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