Record results at RPC
RPC Group, based in Northampton, has recorded a record £13m in net profit through its interim results this morning. The rigid plastic packaging supplier experienced a 64 per cent increase in net profit for the six months to 30 September 2010.
The company also recorded a 9 per cent increase in revenue to £381.9m, and a 3 per cent rise in sales volumes. Adjusted operating profit grew to £21.8m, compared with £19.1m in the comparable 2009 period.
Jamie Pike, chairman said: “RPC has delivered an encouraging first half profit and cash performance despite polymer prices reaching record levels. Whilst activity levels have generally been subdued, the group is demonstrating substantial growth in the personal care, pharmaceutical and coffee capsule sectors.
“With the RPC 2010 programme reaching its conclusion, the focus has firmly turned to achieving profitable growth. The board is confident that RPC's prospects remain positive and the group can leverage its strong market positions, technological capabilities and efficient cost base successfully.”
