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Annual Results

Avon Rubber profits up

16 November 2016 09:39

Avon Rubber posts an adjusted operating profit of £21.8m for the year to the end of September - 8% up last time.

Revenues rose by 6% to £142.9m and adjusted EBITDA increased by 13% to £30.8m.

Chief executive Rob Rennie said: "Avon's strategy has delivered strong earnings growth and cash generation. Our business has proved to be resilient in difficult market conditions and we exit the year a more robust business with a range of good opportunities for growth."

At 9:39am: (LON:AVON) Avon Rubber PLC share price was +24.5p at 1027.5p

Story provided by StockMarketWire.com

Related Company: AVON

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