Carlco swings to FY pre-tax profit

Shares in technical plastics specialist Carlco rose over 4% as it swung back into the black with a strong set of full-year numbers that saw pre-tax profit at £3.9m, from a loss of £24.5m.

Revenue was ahead at £118.97m, from £107.5m. Exceptional items totalled £4.9m, from the prior 12-month period's hefty £31.7m.

The global manufacturer of fine-tolerance parts for the medical, industrial, aerospace and luxury and supercar lighting markets lifted its total dividend to 2.85p a share, from 2.75p.

"The group has delivered a strong operational and financial performance through the year and is well placed and focused to drive further growth opportunities in the current year and beyond," said chairman Michael Derbyshire.