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Improved Volumes Lift Yule Catto's Profits

1:27 PM MST | March 9, 2011 | Kerri Walsh

 Yule Catto's full-year 2010 net income jumped 22%, to £36.6 million ($59.3 million), on sales up 21%, to £646 million. Operating profit rose 11%, to £55 million.  Profits from the polymers business rose 10%, to £56.7 million, on sales up 25%, to £552 million because of a 4% rise in volumes and improved margins, Yule Catto says. Favorable currency exchange rates accounted for 2% of sales growth. Volume growth was led by strong demand from Asia. Demand was mixed in other regions. The company says it requires additional latex...

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