Pilkington predicts profits progress

Date: 30 September 2005
Source: Manchesteronline.co.uk

Date: 30 September 2005

St. Helens-based glass maker Pilkington forecast a 20% rise in half-year profits today as it remained on track to meet expectations for annual results.

Pilkington described market conditions as challenging but reported trading improvements for its core divisions of building products and automotive.In a trading update Pilkington added that ongoing progress in manufacturing efficiency and cost reduction had also helped.It expected first-half profits to rise by a fifth, although this performance was helped by the timing of money banked from the licensing of its technology.St. Helens-based glass maker Pilkington forecast a 20% rise in half-year profits today as it remained on track to meet expectations for annual results.

Pilkington described market conditions as challenging but reported trading improvements for its core divisions of building products and automotive.

In a trading update Pilkington added that ongoing progress in manufacturing efficiency and cost reduction had also helped.

It expected first-half profits to rise by a fifth, although this performance was helped by the timing of money banked from the licensing of its technology.
600450 Pilkington predicts profits progress glassonweb.com

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