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Carclo: Trading in line with business expectations

According to an interim management statement of 11 February 2010, trading at technical moulded components supplier Carclo (Ossett, West Yorkshire / UK; www.carclo.co.uk) is in line with expectations. Divisional operating profits are expected to be well ahead of the first six months, when the group made an operating profit of GBP 2.0m (EUR 2.2m) on a turnover of GBP 41m (EUR 45m).

Since half-year results were announced on 24 November, Carclo has raised GBP 3.5m in cash through a placing of 2,858,000 new shares. Funds from this 5% placing are going into accelerating a number of growth opportunities, primarily at its Conductive Inkjet Technology (CIT) division. In addition to supporting growth opportunities, the new funding will also be used to further reduce debt.

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