UK: Superglass Holdings, which makes glass fibre insulation, has reported that it made a pre-tax profit for the half year that ended on 29 February 2012. It added that market conditions remain difficult and that there is uncertainty over how the UK government's Green Deal environmental policy will operate.
Revenue for the half year rose year-on-year to Euo21.1m from Euro18.4m in the same half year in 2011, an increase of 14%. Pre-tax profit rose to Euro9.92m from a loss of Euro2.7m. Tight control continues to be exercised over costs and working capital.
