Scapa expects 'good growth' in first half

10th Oct 2013 07:56

Bonding materials group Scapa said it saw 'good growth' in revenue and trading profits in the first half, ahead of its interim results next month.The AIM-listed company, which has a market capitalisation of around £124m, manufactures bond products and adhesive components for the electronics, healthcare, industrial and transportation markets.In a short statement on Thursday morning, it said progress has been made year-on-year during the six months ended September 30th. The year before revenues and trading profits were £103.2m and £6.5m, respectively, in the first half.It said that profit margins during the period continued to improve while it has enjoyed healthy cash flow with net cash at the period-end of £3.9m."Current trading remains in line with management expectations for the full year," Scapa said.The first-half report will be released on November 26th.BC