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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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