Norcros taps into South Africa market

Listed Cheshire-based bathroom specialist Norcros has benefited from a strong performance in South Africa. Revenue for the six months to September 30 has climbed 12.6% to £145m compared to the same period last year, although pre-tax profit tipped from £7.7m to £7.4m. Meanwhile, net debt of the company, which is in the process of acquiring Merlyn Industries Ltd, fell from £27.5m to £20.8m. Chairman Martin Towers said: "I am pleased to report a resilient performance which demonstrates the strength of our market positions a... For the full story register now for free or login below...
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