News

Yule pleased with good start

15 May 2008 14:57:00

Chemicals group Yule Catto has made a good start to the current year despite the economic background, with Impact Chemicals and Polymers both ahead.

"2008 has started positively, with our unaudited management accounts showing revenues and profits in-line with our expectations and ahead of last year," Catto said.

'Polymer Chemicals made a solid start to the year, ahead on sales and profit, supported by the expanded nitrile capacity in Malaysia, the statement added.

Pharma Chemicals experienced a very strong first half in 2007 based in the main on customer order phasing. Profit for the first quarter of this year is consequently below last year, but the results are in line with expectations Yule said. Impact Chemicals has benefited from a restructuring programme.

"Overall, despite the economic concerns we remain confident that 2008 will be a year of further improvement for the group," Yule concluded.

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.