StockMarketWire.com - Packaging company Robinson eked out a modest first-half profit after rising sales were offset by recruitment and training costs.

Pre-tax profit for the six months through June increased to £309k, up from £89k on-year.

Revenue rose 9.3% to £17.1m and gross margin improved slightly to 20%, up from 19%.

The margin growth was mainly the result of pricing movements, though operating costs were 9% higher, largely due to recruitment and training.

Robinson kept its interim dividend steady at 2.5p per share.

'Having undertaken a thorough review of customer demand, despite the ongoing Brexit uncertainty, we continue to target around 10% annual revenue growth and target for future years progress towards a pre-exceptional return on sales in the range of 6-8%,' the company said.

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