Major growth anticipated at Transpaco

摘要

Transpaco's interim earnings could rise by as much as 60%, the company says, having estimated that earnings a share and headline earnings a share are expected to increase by between 50% and 60% in the six months ended December 31, when compared with a year earlier.rnTranspaco reported headline earnings a share of 52,6c a share in the six months ended December 31, 2007. CEO Phillip Abelheim says the group had turned challenging market conditions to its advantage, with the unprecedented increase in raw material costs boosting demand at its recycling unit.rnHe reported that plastic manufactures had 'markedly' increased their use of recycled materials.