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)
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