Costs hurt Devro profits

Sausage skin maker Devro said yesterday it would continue to ramp up investment in its production facilities, after reporting a five per cent dip in full-year profits. The firm, which warned in October that profits would be lower than originally expected, said pre-tax profits fell to £40.8m last year from £43m, on revenues 5.9 per cent higher at £241m. Profits were held back by rising input and material costs.