Just when the paper division at James Cropper (CRPR) looked as though it had turned a corner, an increase in the price of pulp created a roadblock. Still, the division managed to maintain revenues for the six months to September 2017, offsetting a downturn in sales in the UK with an increase in digital and packaging contracts in the US. However, management admitted profit growth for this division would be challenging over the full year.
IC TIP:
Hold
at
1573p