Listed manufacturer reports profit growth despite ‘backdrop of challenging market conditions’
Doncaster-headquartered Polypipe, a manufacturer of plastic piping and ventilation systems, has seen revenues rise by 5.2% to £433.2m in 2018.
For the year ending December 31 2018, the listed-company also reported a 5.3% rise in operating profits from £62.5m in 2017 to £65.8m, and a 4.7% jump in pre-tax profits from £55.6m to £58.2m.
During this period, Polypipe completed the sale of its French operation Polypipe France Holdings SAS, to Ryb S.A. for €16.5m on a debt and cash free normalised working capital basis.
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