James Cropper claims post Brexit and pandemic success with profits up 62% – Packaging News

The company said this is a success story for British manufacturing post Brexit and pandemic as Revenue achieves new high, entering new financial year with a strong order book projection.

Revenue rose from 78.8m in March 2021 to 104.9m in March 2022, while profit before tax rose from 1.7m to 2.8m.

Its Colourform product achieved a positive EBITDA and 19% revenue growth.

Paper was impacted with substantial energy costs with 37% revenue growth but a loss before tax, while investment expenditure doubled to 6.7m, to support growth plans.

Mark Cropper, chairman, said: The green agenda represents a significant growth opportunity for all our divisions. Looking forward the outlook remains positive across the Group. Our mantra since the earliest days of the Covid crisis has been to emerge stronger and I am confident that this has truly been the case.

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James Cropper claims post Brexit and pandemic success with profits up 62% - Packaging News