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Synnovia PLC

Plastics Capital expecting surprise boost in films' sales to continue

Faisal Rahmatallah, executive chairman of Plastics Capital Plc (LON:PLA) tells Proactive that strong demand for their films and mandrels lifted sales by almost a third in their latest half year.

Revenues rose 31% to £36.6mln, with organic growth of 13.5%, though earnings were held back by a combination of heavy expenditure on plant upgrades, raw material price rises and adverse currency movements.

Quick facts: Synnovia PLC

Price: £0.89

Market: LSE
Market Cap: £34.65 m
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Synnovia PLC reports year of record sales and earnings

Synnovia PLC's (LON:SYN) chairman Faisal Rahmatallah tells Proactive London's Andrew Scott they saw record sales growth in the year to March 2019. He adds that adjusted profits were just above flat as the plastic components and film packaging specialist invested for growth. Revenue...

on 9/7/19

2 min read