06 March 2012 08:09 [Source: ICIS news]
SINGAPORE (ICIS)--Zotefoams reported a 3.3% increase in its 2011 net profit to £4.50m ($7.14m, €5.42m) while sales increased 10.9% to £44.2m, the UK-based foam producer said on Tuesday, citing preliminary results.
“Sales of Azote polyolefin foams increased by 10%, with higher growth rates experienced in some of our more establish markets in ?xml:namespace>
The financial results in 2010 included an exceptional gain of £623,000.
Zotefoams' 2011 sales in North America grew by 10%, while sales in
Its operating profit last year was up by 15.8% to £5.59m compared to the same period a year earlier, the company said.
($1 = £0.63/ €1 = £0.83)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections