StockMarketWire.com - Cellular materials technology group Zotefoams posted a 7% rise in first-half profit, on the back of higher sales.

Pre-tax profit for the six months through June rose to £4.9m, as sales rose 12% to £42.3m.

Zotefoams declared an interim dividend of 2.03p per share, up 3% on-year, and said it expected to meet market expectations for the full year.

'We expect Zotefoams to deliver further growth in 2019 and meet market expectations,' chief executive David Stirling said.

'However we are mindful of a difficult current trading environment in European polyolefin foams markets and the less stable political and macroeconomic environment.'


At 9:41am: [LON:ZTF] Zotefoams PLC share price was 0p at 568p



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