UK glass and plastic composites manufacturer Romag Holdings Plc. reported a 21.5% increase in its 1H 2007-8 pretax profit helped by a 69% jump in its sales for the period.
The company posted a pretax…
UK glass and plastic composites manufacturer Romag Holdings Plc. reported a 21.5% increase in its 1H 2007-8 pretax profit helped by a 69% jump in its sales for the period. The company posted a pretax profit of GBP 899,000 for the six months to 31 March 2008, from a restated pretax profit of GBP 740,000 earlier. Revenue increased to GBP 11.58 million for the period compared to GBP 6.86 million reported a year ago. Romag Holdings said it expects strong sales growth in the 2H and into the 2008-9 financial year. It said it expects particularly strong growth in its PowerGlaz products, helped by the doubling of production capacity in the 2H of the year. “Our product range is being well received in overseas markets and we are actively looking at further opportunities to expand our sales reach”, the company added in a statement.
