James Cropper set for results ahead of expectations

James Cropper issued what its board called a “positive” trading update for the 52 weeks to 1 April on Wednesday.

The AIM-traded firm said during the year it experienced “healthy” sales growth across both the paper and technical fibre products businesses.

It said the impact of foreign exchange movements had also been favourable to its export business

“Accordingly, the board expects the results for the year ending 1 April to be moderately ahead of its previous expectations.

“Additional modest gains may also be realised from the capitalisation of development costs in its 3DP division, the treatment of which is currently under consideration.”

James Cropper’s board said the outlook for next year remained “encouraging” with growth expected across all three businesses.

“The board also wishes to announce that Doug Mitchell, a non-executive director of James Cropper for five years, is retiring at the end of this month.

“The post of non-executive director will be filled in the coming months.”