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James Cropper

  • BY: Andrew Hore |
  • POSTED: 29/09/2009 |

Paper and speciality fibres manufacturer James Cropper says that its interim profits will be much better than expected. 

At 140.5p a share, up 15.5p on the day, Cropper is valued at 11.9m.

The speciality paper business has traded strongly, although a rising pulp price will hit the second half.

However, technical fibre products has been hit by destocking. This should be a short-term thing but the timing of recovery is difficult to predict.

Full year profits to March 2010 are expected to be better than the 1.6m originally forecast.

Interim results will be announced on 17 November 2009.

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