RPC, the rigid plastics packaging group, expects sales in the second half of 2007/8 to be higher than the £316m in the same period last year.
In a trading update today (28 March), the group said it anticipated that operating profit would be little changed from last year because of continuing input cost pressures, particularly on polymers, and weakening UK demand.
The statement said: "Exceptional costs will be significantly higher than last year as the restructuring efforts have continued at a high level in the second half in order to provide a strengthened business going forward. Good progress continues to be made with the integration of the recently acquired businesses."
The group closed plants in Thornaby near Middlesbrough in October, and in Herefordshire in September.
Last year, RPC acquired Dutch injection-moulder Raytec in October and French blow-moulder Mob in November.
It said its finance charges would be higher than in the previous financial year because of higher borrowing, the weakness of sterling and increases in interest rates.
The group's share price fell 9.75p to 196.25p following the announcement.
Source: packagingnews
In a trading update today (28 March), the group said it anticipated that operating profit would be little changed from last year because of continuing input cost pressures, particularly on polymers, and weakening UK demand.
The statement said: "Exceptional costs will be significantly higher than last year as the restructuring efforts have continued at a high level in the second half in order to provide a strengthened business going forward. Good progress continues to be made with the integration of the recently acquired businesses."
The group closed plants in Thornaby near Middlesbrough in October, and in Herefordshire in September.
Last year, RPC acquired Dutch injection-moulder Raytec in October and French blow-moulder Mob in November.
It said its finance charges would be higher than in the previous financial year because of higher borrowing, the weakness of sterling and increases in interest rates.
The group's share price fell 9.75p to 196.25p following the announcement.
Source: packagingnews
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