Doncaster-based manufacturer Polypipe has been doing prior to expectations this season because it releases its mid year results, despite political problems at the center?East .
Revenues are up 8.4% 242.0m for the half year to June 2017, based on the plastic piping manufacturer, translating towards a pre-tax profits rise to 31.5m from 29.9m on the same period in before.
The challenge at the center East, has brought about the cessation of producing at its site in the area a result of recent trade embargo regarding the Uae and Qatar.
CEO David Hall seems bullish though, saying:”The Group has delivered another record performance, building over the strong momentum from last year and demonstrating our strategic concentrate on structural growth opportunities is delivering results.
“Although underlying fundamentals remain positive, the target audience has experienced varying conditions in the different markets and has also faced some challenges in the first 50 % of all seasons.
“I am encouraged incidentally this business has risen in order to those challenges which is further proof of the depth and strength of management all over the Group. Resulting from our growth initiatives, balanced contact with our markets and performance, the Board is positive that the target audience continue to generate progress based on management expectations with the year.”