RPC Group beats expectations as Superfos buy lifts turnover
Europe’s leading plastic-packaging supplier RPC Group announced their full-year results, which where better than expected strengthened by the acquisition of its peer and cost cuts. The results for the year ended 31 March 2011 showed that sales increased by £99.3m to £819.2m due to nine per cent growth on a like-for-like basis and the inclusion of £37.5m Superfos turnover after RPC acquired the packaging company last year. The company, which bought Superfos in December, raised its final dividend by about 10 per cent, taking the total dividend to 11.5p. Net profit improved by 94 per cent to a record £25.6m.