Robinson sees annual profit improvement

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Robinson Group, the plastic and paperboard packaging group, said its profits for 2012 would show signs of improvement, despite revenues for the year being around 1% lower than 2011.

The firm, which manufactures thin-walled plastic pots and lids, dispensers and caps and closures at its Chesterfield-based factory, said in a trading statement issued today that turnover for the 2012 financial year was expected to be £21.2m.

This figure was in line with management's expectations, the group said, and while representing a decline on 2011's numbers it took into account a 9% reduction in plastic resin prices which had "mainly" been passed on to its customers.

Volumes had risen approximately 2% over 2011's numbers, it added.

Robinson said that new business gained throughout 2012 had been slower to come on line than had been expected "due to delays within our customers' operations".

However the group said these issues had now been resolved and it expected a full-year benefit from these activities to come into effect in 2013.