Avon Rubber buoyant as net debt falls

摘要

UK: Avon Rubber revealed its net debt fell as trading remained strong at the end of H1 2014. The company's net debt at 30 June 2014 was ￡2.6m (?3.2m), compared to ￡10.9m at 30 September 2013 and ￡5.5m at 31 March 2014. It negotiated a new $40m (?29.9m) revolving credit facility with its bankers which runs to 30 November 201 7.