StockMarketWire.com - Carclo, a global manufacturer of fine tolerance injection moulded plastic parts mainly for the medical, automotive lighting and optics markets, has announced that both the Technical Plastics (CTP) and Aerospace Divisions have both performed ahead of expectations for the first five months of the current financial year, with CTP operating profits well ahead of the same period last year.
Increased levels of customer pricing support have helped mitigate the operating losses at Wipac, the main operating business in Carclo's LED Technologies Division.
Carclo said that discussions remain ongoing with parties interested in the potential acquisition of the Wipac business, though there is no certainty that a sale of Wipac will occur.
Story provided by StockMarketWire.com
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