Paper maker’s profits warning as pulp costs soar
Listed Cumbrian paper maker James Cropper and the pioneer of the world's first recycling process for takeway coffe cups has warned its full-year profits will be about £1.5m less than predicted as a result of soaring pulp costs.
The Kendal company has generated positive publicity recently from developing the world’s first "Cupcycling" process, but the board now expects its pre-tax profits for the 12 months to March 31, 2018 to be in the region of £5.7m.
In November, the firm said it was on course to perform in line with exp... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
