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Synnovia PLC

Plastics Capital puts in solid first half performance with double-digit organic growth

Faisal Rahmatallah, chairman of Plastics Capital PLC (LON:PLA), tells Proactive London's Andrew Scott they're expecting full-year performance to be ahead of last year, in line with expectations.

Revenue in the six months to the end of September 2018 rose 11.4% to £40.63mln from £36.46mln, with organic growth clocking in at 12.1% on a constant currency (CC) basis.

The Films division recently switched from being three separate businesses, each with their own sales forces and factories, to a unified division with just one sales force and one raw material procurement team.

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Plastics Capital seeing the results of its pivot towards growth-oriented...

Capital Network analyst Ed Stacey discusses Plastics Capital Plc's (LON:PLA) first half results to September 2018. Revenue rose 11.4% to £40.63mln from £36.46mln while underlying earnings (EBITDA) rose 42.8% to £3.67mln from £2.57mln. Stacey says the results reinforce his confidence...

on 3/12/18

2 min read