Home / Knowledge / News / Textiles / Low & Bonar continues to focus on geographic expansion
Low & Bonar continues to focus on geographic expansion
21
Jul '08
Low & Bonar PLC the international technical textiles and contract flooring manufacturer, announces its interim results for the six months ended 31 May 2008.

Highlights Include:
- Total revenue up 50% to £213.4m (2007: £142.1m)
- Operating profit margin increase of 1.6% to 8.1%
- Profit before tax up 62% to £12.0m (2007: £7.4m)
- Earnings per share increased by 59% to 5.43p (2007: 3.41p)
- Interim dividend increased by 10% to 1.925p (2007: 1.75p)

Mehler Texnologies (MTX) has performed ahead of expectations in the period

Continued emphasis on product innovation and geographic expansion, including the previously announced joint venture in Abu Dhabi

Commenting on the Group's outlook, Duncan Clegg, Low & Bonar's Chairman, said:
“Whilst we monitor the macroeconomic environment closely, we continue to see significant opportunities to expand our business and improve margins.

Our focus will remain on growing the business, both organically and through prudent acquisitions, when suitable opportunities present themselves.

The breadth and geographic diversity of our customers and operations have assisted our performance in the first half and we are confident that these factors will continue to maintain the Group's progress during the second half and beyond.”

Low & Bonar PLC

Must ReadView All

Courtesy: Pan Brothers

Apparel/Garments | On 30th May 2017

Pan Brothers to set up 2 new garment factories

PT Pan Brothers Tbk plans to increase its production capacity by...

Apparel/Garments | On 30th May 2017

Levy uniform rate of GST on yarn & fibre: SIGA

The South Indian Garment Association (SIGA) has urged Union finance...

Textiles | On 30th May 2017

ExxonMobil, SABIC sign deal for next phase of US project

Affiliates of Exxon Mobil Corporation and Saudi Basic Industries...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search