Zotefoams (LON: ZTF) has made solid progress in the first half of 2019 ahead of the boost in capacity that will come from its capital investment programme. The foams manufacturer has targeted new, growth sectors and profits will increase at a faster rate from next year.
In the six months to June 2019, Zotefoams increased from £37.9m to £42.3m, while pre-tax profit improved from £4.6m to £4.93m. The interim dividend was raised by 3% to 2.03p a share.
High performance foams
The high performance products (HPP) division was responsible for the main growth in profit. Footwear business with N...
