Keywords
Citation
(1999), "Wolstenholme reports steady growth", Pigment & Resin Technology, Vol. 28 No. 5. https://doi.org/10.1108/prt.1999.12928eab.001
Publisher
:Emerald Group Publishing Limited
Copyright © 1999, MCB UP Limited
Wolstenholme reports steady growth
Wolstenholme reports steady growth
Keyword: Wolstenholme Rink
Wolstenholme Rink plc has announced an increase in pre-tax profits before exceptional items, from £7.57 million to £7.66 million for the year to December 1998. Sales increased from £84 million to £86 million and earnings per share from 62.5 pence per share to 66.4 pence per share.
Commenting on the announcement, joint chairman, Tony Rink, said: "The strength of sterling has continued to have an adverse effect on the results of the business. When compared to 1997, the cost to the Group has been approximately £0.5 million. Economic instability in some important markets in Asia Pacific has also been unhelpful. Despite the uncertainty of the economic climate in some of the Group's important markets and competitive trading conditions, we are determined to build on our strong market position and the board remains positive about future prospects."