Devro sizzles on rising demand in Far East and North America

Joseph Millis
The Scottish company has come through some bad times to report an increase in profit
SAUSAGE casings maker Devro yesterday posted pre-tax profits of £9.6m for the six months to the end of June, up from £1.6m in the same period last year.

Revenues rose to £112.7m from £109.7m and basic earnings per share increased to 4.4p from 1.4p. The interim dividend is main­tained at 2.70p per share. Operating profits, before exceptional items, increased 11 per cent to £15.6m.

Chief executive Peter Page said the good result was driven by higher prices, but also by strong demand in China, Japan, South East Asia and North America, which helped to partially offset lower volumes in Russia and Latin America.