LONDON (May 11, 2010)—Avon Rubber P.L.C. said it recorded a strong first half financially, with operating profits rising about 59 percent and sales 16.7 percent compared with the year-ago period.
Chief Executive Peter Slabbert said Avon made good progress in the first half and maintained the strong level of orders that started at the beginning of the year. The firm said its dairy business experienced significant improvement, with the outsourcing of European dairy production completed on time and at cost.
The company said operating earnings for the period were $9.2 million on sales of $84.1 million.