Polypipe’s half year revenues keep rising

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POLYPIPE has delivered a rise in half year revenue and profits and it predicted that a recent acquisition will help to stimulate growth.

Polypipe Group, a manufacturer of plastic piping systems for the residential, commercial, civils and infrastructure sectors, has announced its half year unaudited results for the six months ended June 30 2015.

Over the half year, revenue rose by 1.3 per cent to £170.4m, and the profit before tax and pre-exceptionals rose by 41.5 per cent to £23.2m.

David Hall, the chief executive said: “The year started strongly supported by a strengthening market in the UK and we are well placed to capture our share of the anticipated market growth. Our strategic initiatives all continue to show good progress over and above the market and the recent acquisition of Nuaire will support our aims to accelerate our growth. I remain confident that we will deliver results for the full year in line with our expectations”.