Nonwovens Industry
Welcome to Nonwovens Industry
FacebookRSSTwitterLinkedIn
Print

Fiberweb profit falls amid rising costs



Published August 31, 2011
Related Searches: nonwoven Industrial Wipes Fiberweb Wipes
"Steady volume development is expected in the second half. Margins will benefit from recent falls in raw material prices," the company said in a statement.

Fiberweb, whose nonwoven materials are used in products ranging from baby diapers to industrial wipes, cut its interim dividend to 1 pence per share from 1.7 pence per share in the previous comparable period.

For the half year ended June 30, the company reported an underlying pretax profit of 3 million pounds ($4.9 million), compared with 6.9 million pounds a year ago. Revenue rose 10 percent to 255.5 million pounds, helped by acquisitions.