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Annual Report 03/04 |
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IMPORTANT: This is NOT the current annual report, these results are for the year ending 27th March 2004
Operating profit in Technical Fibre Products ("TFP") down 27% to £0.5m
Operating profit in Paper down 62% to £0.4
Operating profit in Converting down 28% to £0.4m
"I am pleased to report that Group Profit before Taxation recovered in the second half from £95,000 at the half year to £785,000 for the full year".
"The Board has decided to maintain its policy of progressive dividend increases with a 4.0% overall increase on last year with a final dividend of 5.9p, making the total dividend 7.8p compared to 7.5p in 2003. This is to reflect the improved operating conditions in the second half year and the Group's longer-term growth plans".
"The investment in EFT secures supply of metal-coated carbon fibre materials and could lead to significant sales potential in the future".
"I am confident that each Division's long-term strategy will be
achieved and that the Group as a whole will rise to the inevitable challenges
that lay ahead and continue to reward shareholders through progressive
increases in dividends". Enquiries: Alan Cooke
(Briefing papers can be found in our Briefings Section of the web site)
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