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Trading statements

RPC profit significantly higher than last year

28 September 2017 07:46

RPC Group, a plastic products design and engineering company, said group margins and profitability levels in the first half will be ahead of management expectations, with profitability levels significantly up on the same period last year.

Revenues in the first half are projected to be well ahead of the corresponding period last year driven by the contribution from acquisitions, organic growth, polymer price tailwinds and translation benefits from foreign exchange movements.

The group said it is confident of continuing to grow through the cycle ahead of GDP.

In the first half good growth has been achieved in China, benefiting from investments made in the previous year.

The integration of Letica continues to progress well.

On 19 July 2017 the group announced an inaugural share buyback programme of up to £100m. Under the programme to date, 1.38 million shares have been acquired for a total consideration of £12.4 million.

Story provided by StockMarketWire.com

Related Company: RPC

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