Avon Rubber sees higher margins in first half

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 £ 48.0 million (euro 53 million) compared with around £ 56.5 million a year earlier.

Operating profits increased, however, to £4.81 million from £4.06 million. Pre-tax profits also increased to £4.4 million from £2.9 million a year earlier.

Avon said The Protection & Defence business has benefited from increased non DoD orders. The division’s…

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