Product category:
Printing Substrates - Paper, Forms and Stationery
News Release from: Tullis Russell Group
Edited by the Printingtalk Editorial
Team on 15 June 2005
Tullis Russell's GBP 0.6m Profit Growth
Fife (Scotland ) based Tullis Russell, the independent employee-owned paper manufacturer and specialist coater group, has reported another strong profit and cash performance.
Fife (Scotland ) based Tullis Russell, the independent employee-owned paper manufacturer and specialist coater group, has reported another strong profit and cash performance In the year to March 31, the group made a pre-tax profit of GBP 4.1m
This article was originally published on Printingtalk on 22 Jun 2005 at 8.00am (UK)
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That result compares with a pre-tax profit of GBP 3.5m for 2003-2004.
The group's net positive funds increased from GBP 1.48m at the start of the year to GBP 3.84m at the year end.
Chief Executive, Fred Bowden, said that he remained cautiously optimistic despite extremely difficult market conditions, which show little sign of recovery.
Bowden said: "In the year ahead we face further significant cost increases particularly in the areas of energy and raw materials.
Against that backdrop, market conditions remain difficult.
Therefore, it is vital that we continue our strict cost control regimes, develop our brands and maintain strong operational efficiencies in order to protect our profit margins.
We remain cautiously optimistic that this can be achieved.".
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