Underperformance of Technical Plastics division leads to disappointing results for listed manufacturer

Half-year trading results at listed plastic components manufacturer Carclo have been below expectations, largely due to the underperformance of its Technical Plastics division. The Wakefield firm this morning announced its six month results to 30 September, adding: "This, together with production inefficiencies incurred on new production programmes in the LED division, resulted in the first half underlying operating profit being lower year on year." Its revenues for the period dropped to £71.4m, down from £72.1m for the same p... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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