Cropper(James) PLC Trading Update (1121A)
22 March 2017 - 6:00PM
UK Regulatory
TIDMCRPR
RNS Number : 1121A
Cropper(James) PLC
22 March 2017
Cropper(James) PLC
22 March 2017
James Cropper plc ("James Cropper" or the "Company")
Trading update
The Board of James Cropper PLC is pleased to issue a positive
trading update for the 52 weeks to 1 April 2017.
During the year James Cropper experienced healthy sales growth
across both the Paper and Technical Fibre Products businesses. The
impact of foreign exchange movements has also been favourable to
our export business
Accordingly, the Board expects the results for the year ending 1
April 2017 to be moderately ahead of its previous expectations.
Additional modest gains may also be realised from the
capitalisation of development costs in its 3DP division, the
treatment of which is currently under consideration. The outlook
for next year remains encouraging with growth expected across all
three businesses.
The Board also wishes to announce that Doug Mitchell, a
Non-Executive Director of James Cropper for 5 years, is retiring at
the end of this month. The post of Non-Executive Director will be
filled in the coming months. The Board wishes to thanks Doug for
his strong contributions to the Company during his time with James
Cropper.
This announcement contains information which would have been
deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further enquiries please contact:
James Cropper plc (AIM:CRPR) 01539 722 002
Phil Wild, Group Chief
Executive
Isabelle Maddock, Group
Finance Director
www.cropper.com
Stockdale Securities Limited 020 7601 6100
Robert Finlay
Richard Johnson
David Coaten
www.stockdalesecurities.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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