Technical plastics help Carclo to robust performance

April 26 -Carclo has traded broadly in line with market expectations since its interim management statement in February, according to a company statement. The plastics technology firm also revealed that it enjoyed a stronger second half performance .

Overall debt has been reduced thanks to December s equity placing, which raised 3.5m to fund the additional capital expenditure and working capital requirements at its conductive inkjet technology (CIT) operation, explained Carclo.

In technical plastics we anticipate profits to be ahead of last year reflecting a robust performance from the group's medical and optical business. In precision products profitability has been impacted by subdued demand at our aerospace businesses, said the statement.

The commercial development of CIT continues to plan, said Carclo. The InkJetFlex business is now fully operational with a growing number of customers and the pilot line for touch sensor screens is on track to be commissioned towards the end of 2010.

Carclo will announce its preliminary results for the financial year ended 31 March 2010 on 8 June 2010.