Profits bounce at Yule Catto

Chemicals maker Yule Catto posted a 19 per cent rise in its underlying pre-tax profit to £47m yesterday, boosted by lower finance costs and a strong performance in its polymer division, and the firm said it made a good start to 2011. Yule Catto, which bought Germany-based latex maker PolymerLatex in December, said it further planned to expand its polymer business.