;
Home / Knowledge / News / Textiles / Low & Bonar announces 2007 Preliminary Results
Low & Bonar announces 2007 Preliminary Results
18
Feb '08
Low & Bonar PLC, the international technical textiles and contract flooring manufacturer, announces its preliminary results for the year ended 30 November 2007.

Highlights include:
• Group profit before tax up 52% to £22.4m (2006: £14.7m) on revenues up 39% at £311.8m (2006: £224.5m); acquisitive and organic growth achieved.
• Earnings per share increased by 16% to 10.16p (2006: 8.75p).
• Final dividend increased by 11% to 3.1p (2006:2.80p).
• A strong performance across the business with both Divisions delivering growth in sales, profit and market share.
• Technical Textiles Division benefited strongly from the successful integration of the Colbond and Geo-Tipptex acquisitions and enhanced operating margins. Floors Division growth underpinned by focus on higher margin own-brand products.
• Chinese JV continued to grow and maintained double digit operating margins, with especially strong sales of grass yarn products.
• Significant opportunities for selected, value–adding acquisitions that give the Group access to complementary products and/or new geographic markets. Two deals completed January 2008.

Duncan Clegg, Low & Bonar's Chairman, commented:
"We are in growing sectors with strong market positions and we view the future with confidence.

"We believe that our businesses are well positioned to take advantage of the significant opportunities we see ahead and expect continued progress in both Divisions over the coming year. Our end markets – with their negligible exposure to any downturn in consumer confidence – continue to look resilient. The start of our new financial year has been in line with our expectations".


Must ReadView All

NCTO endorses USMCA; to lobby Congress to adopt agreement

Textiles | On 13th Dec 2018

NCTO endorses USMCA; to lobby Congress to adopt agreement

The National Council of Textile Organisations (NCTO) board of...

12 Asian garment firms to operate in Haiti by mid-2019

Apparel/Garments | On 13th Dec 2018

12 Asian garment firms to operate in Haiti by mid-2019

At least a dozen Asian garment manufacturing companies will start...

Pakistan evolving export-oriented policies: top official

Textiles | On 13th Dec 2018

Pakistan evolving export-oriented policies: top official

Pakistan is evolving export-oriented policies and is committed to...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search