ERJ staff report (DS)
London — Avon Rubber saw profits rise on lower revenues in the six months to 31 March. The company saw revenue down by almost 18 percent to Â£ 48.0 million (euro 53 million) compared with around Â£ 56.5 million a year earlier.
Operating profits increased, however, to Â£4.81 million from Â£4.06 million. Pre-tax profits also increased to Â£4.4 million from Â£2.9 million a year earlier.
Avon said The Protection & Defence business has benefited from increased non DoD orders. The division’s…