LONDON (Thomson Financial) - Macfarlane Group Plc. said its first-half
pretax profit from continuing operations more than doubled and it is confident
it has the business strength and momentum to cope with the effects of a general
economic downturn.
For the first half to end-June, the packaging products manufacturer said its
pretax profit from continuing operations rose to 989,000 pounds from 453,000
pounds last year, with revenues up to 64.4 million pounds from 57.4 million
pounds.
The company said its profits to date are in line with its expectations and
it expects trading to be strongly cash-positive in second half of 2008.
Macfarlane declared an interim dividend of 1 pence per share.
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