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Devro

October 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DVO
Edible sausage casings manufacturer, Devro, announced interim results for the six months ended 30 June amd pretax profit lifted salesto £71m and £8.7 respectively. Earnings rose a sharper 6% to 3.9p, reflecting a lower tax charge.  Net debt decreased £2.8m to £31.5m, compared to a year ago, and this will fall further with the group still waiting for the £7.3m proceeds from its land sale.   Devro'spedestrian profit performance masks a period of excellent volumegrowth, which was 7% overall and 8% in edible collagen casings. Geographically, the best performances came from the Americas (+14%)and Europe (+6%) with analysts noting that the 5% growth in the UK andIreland is the strongest for some years.  Ho ...

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Devro - Results prompt earnings upgrade (April 2004)
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