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Anglian expresses optimism over growth

Following an upturn in its stock market performance, and despite a drop in first-half profits, UK double-glazing group Anglia has said it is well placed to resume growth.
Anglian has underperformed t…

Following an upturn in its stock market performance, and despite a drop in first-half profits, UK double-glazing group Anglia has said it is well placed to resume growth. Anglian has underperformed the construction and building materials sector by more than 37% during 2000. The group reported pre-tax profits of UK 10.7 million in the six months to 30 September 2000, down from UK 141 million in the same period in 1999, on turnover of UK 128.8 million. According to Anglian, the figures were in line with expectations, and had been influenced by increased costs that it been unable to pass on. “However,” said CEO Eddie Boss, “with our leading market share and branding positions, integrated supply chain, and quality product and service offering, we look forward to a return to growth in due course.” Anglian has proposed an interim dividend of 4.8 pence, up 7%.

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