Cropper(James) PLC Trading update (3216T)
October 11 2017 - 5:56AM
UK Regulatory
TIDMCRPR
RNS Number : 3216T
Cropper(James) PLC
11 October 2017
11 October 2017
James Cropper PLC ("James Cropper" or the "Group")
Trading update, date of interim results
James Cropper notes the recent share price movement and makes
the following comments.
The Group continues to experience increased pulp prices as
announced at the time of the AGM, in July, which are impacting the
Group's paper business (James Cropper Paper). Nevertheless, the
other businesses within the Group are trading well with increased
penetration into new markets. Technical Fibre Products continues to
make progress across its markets including fuel cells. James
Cropper 3D Products has launched Colourform(TM) , a sustainable
alternative to plastic packaging, and agreed new commercial
contracts with clients including Lush. Also, the Paper division has
trademarked CupCycling(TM) , the practice of transforming coffee
cups into high grade papers as publicised recently with
Selfridges.
Overall, therefore, the Board expects the Group to achieve
management expectations for the current financial year and remains
confident of the Group's prospects over the medium and longer
term.
A further update on trading will be provided at the time of the
release of the Group's interim results, which are expected to be
announced on 14(th) November 2017.
ENDS
Enquiries:
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Isabelle Maddock, Group Robert Finlay, Richard
Finance Director Johnson, Henry Willcocks
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James Cropper plc Stockdale Securities
Limited
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Tel: 01593 722002 +44 (0) 207 601 6100
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www.cropper.com www.stockdalesecurities.com
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This information is provided by RNS
The company news service from the London Stock Exchange
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