LONDON (Nov. 24, 2010)—Avon Rubber P.L.C. reported significantly higher sales and profits for the year ended Sept. 30.
The company said its revenues grew 16.6 percent to $185.4 million, while operating profit increased to 74.5 percent to $14.7 million. Avon said it reduced its net debt by $1.58 million and reinstated its dividends,
The company said it expects the progress made in 2010 to continue and for operating margins to improve.