Zotefoams (LON: ZTF) had a tough second half last year and one Tuesday it will report the outcome for the year as a whole. It is expected that 2019 revenues will be flat and there will be a fall in pre-tax profit.
The foams manufacturer has continued to invest in the business and part of the reason for an anticipated decline in pre-tax profit from £11.1m to £9.1m is a higher depreciation charge.
There was a 12% increase in interim revenues last year, so there was a significant reduction in revenues in the second half. That was partly because the high performance products (HPP) division h...
