Investegate |Cropper(James) PLC Announcements | Cropper(James) PLC: Director/PDMR Shareholding
Investegate announcements from Cropper(James) PLC, Director/PDMR Shareholding
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Investegate announcements from Cropper(James) PLC, Director/PDMR Shareholding
James Cropper has posted a £200,000 operating loss for the first half of the year, but expects to return to profitability in H2 on the back of strong sales growth – and the business has also spent £700,000 on cost of living payments to help its employees.
The paper producer now expects to make £2.3million in adjusted pre-tax profits for the year ending March 2023, compared to a prior forecast of £5.4million.
James Cropper has slashed its profit forecast by more than half due to the soaring price of energy and raw materials.
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