Business
Half-year results to 28 September 2013
Half-year results to 28 September 2013.
About this update from James Cropper Plc
[{"type":"text","content":"\n \nRNS Number : 7491S Cropper(James) PLC 12 November 2013 \n \n\n12 November 2013 \n \nJames Cropper plc \nthe niche specialist paper and materials group, is pleased to announce its\nHalf-year results to 28 September 2013 \n \n \n \n\n\n\n\n\n\n\nHalf-year to\n28 September\n2013\n\n\nHalf-year to\n29 September\n2012\n\n\nFull-year to\n30 March\n2013\n \n\n\n\n\nTurnover\n\n\n£42.3m\n\n\n£39.0m\n\n\n£79.2m\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEBITDA (before net IAS19 pension adjustment)\n\n\n£2.2m\n\n\n£2.9m\n\n\n£5.4m\n\n\n\n\nProfit before tax \n\n\n\n\n\n\n\n\n\n\n\n\n\nTrading profit after interest\n\n\n£0.6m\n\n\n£1.2m\n\n\n£2.0m\n\n\n\n\nIAS 19 pension adjustment\n\n\n(£0.4m)\n\n\n(£0.2m)\n\n\n(£0.2m)\n\n\n\n\n\n\n\n£0.2m\n\n\n£1.0m\n\n\n£1.8m\n\n\n\n\nEarnings per share - diluted\n\n\n1.8p\n\n\n8.9p\n\n\n16.5p\n\n\n\n\nDividends per share\n\n\n2.2p\n\n\n2.2p\n\n\n7.9p\n\n\n\n\nGearing (before IAS 19 pension deficit)\n\n\n37%\n\n\n31%\n\n\n33%\n\n\n\n\nGearing (after IAS 19 pension deficit)\n\n\n55%\n\n\n45%\n\n\n46%\n\n\n\n\nCapital expenditure\n\n\n£0.9m\n\n\n£1.2m\n\n\n£4.1m\n\n\n\n\n \n \n· Speciality Papers sales in H1 were up 10% on the comparable period. \n \n\n\n\n\n· Converting sales in H1 were up 15% primarily due to sales of higher margin products.\n \n\n\n\n\n· TFP's sales in H1 were down 5% as a consequence of customer ordering patterns.\n \n\n\n\n\n· TFP is at an a...