Avon Rubber turns to profit on 68% higher sales for 12 months

ERJ staff report (DS)

London — A transformed Avon Rubber has produced impressive results for the 12 months ended 30 Sept, 2009.

The company reported revenues up by 68 percent at £91.7 million (euro 100.5 million) from £54.6 million a year earlier. Operating profit pre-exceptionals reversed last year’s loss, at £4.6 million from a loss of £4.1 million a year ago. Debt has also been reduced to £13.6 million from £15.1 million.

Commenting on the results, Peter Slabbert, Chief Executive said: “The 2009 results demonstrate that…

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