Polymer Logistics upbeat despite profits wobble
Monday, April 07, 2008
Retail packaging specialist Polymer Logistics, ramped up revenues by 64% to €36.8 million (£29.0 million) last year but suffered a fall in overall pre-tax profits caused largely by the delay of an order worth €2 million. The hold up caused profits to dip to €3.5 million from €3.8 million last year.
Despite the financil blip, Polymer said its order pipeline remained strong - standing at over €50.0 million for 2008.
Chief executive, Gideon Feiner, commented: “The company's principal aims for 2008 are clear. We will continue to focus on organic growth and meeting our business plan targets, managing the growth of our new Italy and US contracts, and selectively pursuing new contract opportunities.”
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