Victrex plastics has strong sales

Hi-tech plastics company Victrex announced a rise in pre-tax profit of 57 per cent to £48.3m boosted by strong sales of its polymer products used in aircraft components and car parts. The company, whose revenues increased as major markets showed a significant recovery, raised its dividend by 25 per cent for the first-half of 2011 and said it would pay 8p per share compared to 6.4p one year ago.